No Longer Available
Asking Price - $2,600,000
Days on Market - 108
No Longer Available
1821 N 18th Street
Philadelphia, PA 19121
Featured Agent
EveryHome Realtor
Asking Price
$2,600,000
Days on Market
108
No Longer Available
# of Units
2
Acres
0.04
Interior SqFt
2,958
Age
14
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2022)
8,109
Additional Details Below
EveryHome Agent
Views: 108
Featured Agent
EveryHome Realtor
Description
Exceptional Investment Opportunity in Temple University Area - Fully Leased Multi-Family Property Discover an outstanding investment opportunity in the vibrant Temple University neighborhood with this fully leased, 4-building, 8-unit apartment complex. Perfectly situated steps away from the university, this property offers an ideal blend of convenience, style, and income potential. Property Highlights: **Location:** A stone's throw from Temple University, this property places tenants in the heart of student life, with easy access to Temple University Fitness, Code Blue emergency phones, multiple public transportation stops, and the bustling Broad Street. **Unit Features:** Each of the 8 units, spread across 4 buildings, features massive bedrooms that comfortably fit a queen-size bed and desk, alongside large closets for ample storage. The hardwood floors add elegance and durability, while in-unit washers and dryers ensure tenant convenience. **Updated Kitchens:** Modern, updated kitchens in each unit make the space both functional and inviting, perfect for communal living and entertaining. **Private Outdoor Spaces:** Each unit boasts its own private outdoor area, allowing tenants to relax and enjoy the Philadelphia weather. **Parking:** The convenience of 1 private parking space per unit is a rare find in this bustling area, adding significant value for tenants. **Financials:** With all units currently leased and generating an annual gross revenue of $249,600, this investment promises a 6.9% cap rate. The leases for units end in July 2024, with the exception of 1827 N 18th St Unit 2 which extends to July 2025. This property represents a lucrative investment opportunity. The combination of its prime location, desirable unit features, and strong financial performance makes it an attractive option for savvy investors. Act now to take advantage of this unique opportunity in the Temple University area!
Location
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Listing Details
Exterior Features
Exterior Features
•Masonry
Utilities
Cooling
•Central A/C, Electric
Heating
•Central, Natural Gas
Property History
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Apr 24, 2024
Temporarily Off Market
4/24/24
Temporarily Off Market
Miscellaneous
Lattitude : 39.981770
Longitude : -75.163513
MLS# : PAPH2309302
Views : 108
Listing Courtesy: Danielle Py-Salas of EXP Realty, LLC
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Notes
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