Property summary
Exceptional investment opportunity in Philadelphia's Temple University area. This renovated three-story duplex (1,809 sq ft) boasts two units, each with multiple bedrooms and modern bathrooms. Unit A features 3 bedrooms, 3.5 baths, hardwood floors, a fenced patio, and custom closets. Unit B offers 5 bedrooms, 3 baths, carpeting, a modern kitchen with stainless steel appliances, and a large island. Both units are separately metered and include air conditioning and a security system. Built in 1915 and renovated in 2017, this property sits on a 1,205 sq ft lot and is currently 100% occupied, generating a $39,101 NOI and a 7.11% cap rate. The asking price is $550,000 ($275,000 per unit, $304.04 per sq ft). The property benefits from a remaining tax abatement and is zoned RM1. This turnkey investment offers strong rental income and significant potential for future appreciation in a high-demand student housing market.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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