1809 N 18TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,598 sqft
Price per Sqft $370
MLS Listing ID PAPH2347194
Style Bi-level
Abv Grd Liv Area 2,598
Originating Board BRIGHT
Year Built 1915
Tax Year 2022
Lot Size 1,615 Sqft
Acres 0.04
Lot Dimensions 17.00 x 95.00
Property Description
Welcome to your next savvy investment opportunity! Nestled just blocks away from Temple University, this income-producing triplex is a gem! Perfect for seasoned investors looking to expand their portfolio or first-time investors eager to dive into the market. Comprising one 5-bedroom, 4-bathroom unit and two 3-bedroom, 2-bathroom units, this triplex offers modern amenities and spacious layouts that appeal to students and tenants alike. Each unit features contemporary finishes, galley and wrap-around kitchens, in-unit washer/dryer, ample closet space, and more! Unit A has access to a fenced patio, Unit B residents can enjoy the spacious upper deck at the rear, and Unit C boasts a sprawling rooftop deck, perfect for entertaining or relaxing under the stars. Currently fully leased for the 2024-2025 school year, this property generates an impressive gross annual income of $109,920. With top market rents and 25% estimated operating expenses, the projected net operating income ensures a steady cash flow. Tenants can experience the convenience of living just minutes away from popular student attractions like Geasy Field, Temple Track, and The Liacouras Center. There are approximately 7+ years left on the ten year tax abatements. Information needs to be verified by a buyer with city tax office. Schedule your appointment today!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Interior Features Built-Ins,Combination Kitchen/Living,Recessed Lighting,Floor Plan - Open,Upgraded Countertops,Walk-in Closet(s)
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Vinyl
Inclusions All washers/dryers, refrigerators, microwaves, range ovens and dishwashers in "as-is" working condition.
Equipment Microwave,Dishwasher,Stainless Steel Appliances,Washer/Dryer Stacked,Oven/Range - Electric
Fireplace N
Appliance Microwave,Dishwasher,Stainless Steel Appliances,Washer/Dryer Stacked,Oven/Range - Electric
Heat Source Electric
Exterior
Exterior Feature Patio(s),Roof,Deck(s)
Waterfront N
Water Access N
Roof Type Fiberglass
Accessibility None
Porch Patio(s),Roof,Deck(s)
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Bi-level
Additional Building Above Grade,Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 321213601
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard