1820 N 18TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,923 sqft
Price per Sqft $177
MLS Listing ID PAPH2347128
Style Bi-level
Year Built 2021
Annual Tax Amount $15,397
Tax Year 2024
Lot Size 1,896 Sqft
Property Description
Welcome to your next savvy investment opportunity! Nestled just blocks away from Temple University, this income-producing quadruplex is a gem! Perfect for seasoned investors looking to expand their portfolio or first-time investors eager to dive into the market. Comprising two 2-bedroom, 2.5-bathroom units on the lower level and two 4-bedroom, 4.5-bathroom units on the upper level, this quadruplex 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 and Unit B residents can enjoy access to a fenced patio, while Unit D 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 $110,400. 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
Interior
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,Refrigerator,Oven/Range - Electric
Exterior
Exterior Feature Patio(s),Roof
Waterfront N
Water Access N
Roof Type Fiberglass
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard