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1820 N 18TH Street

PHILADELPHIA, PA 19121
  • $1,110,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: PAPH2347128
$1,110,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,923
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

School District:

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!

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www.chesapeakebayproperties.com/homes/150036960
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1820 N 18TH Street PHILADELPHIA, PA 19121

  • Price: $1,110,000
  • Status: Active
  • On Site: 49 Days
  • MLS #: PAPH2347128
0
Beds
0
Baths
0
½ Baths
0.04
Acres
5,923
SQFT
$187
$/SQFT
2021
Built
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
Philadelphia City
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!
Exterior Features

Architectural Style Bi-level Construction Materials BrickFrameConcreteMetal Siding Garage YN No Parking Types On Street Patio And Porch Features Patio(s)Roof Pool No Pool Property Condition Excellent Roof Fiberglass Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5923 Appliances MicrowaveDishwasherStainless Steel AppliancesWasher/Dryer StackedRefrigeratorOven/Range - Electric Basement Fully Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Flooring Vinyl Heating Forced Air Heating YN Yes Inclusions All washers/dryersrefrigeratorsmicrowavesrange ovens and dishwashers in "as-is" working condition. Interior Features Built-InsCombination Kitchen/LivingRecessed LightingFloor Plan - OpenUpgraded CountertopsWalk-in Closet(s) Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN Yes Cooling Fuel Electric Foundation Details Concrete Perimeter Heating Fuel Electric Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 803019634122 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 15397.00 Tax Lot 332 Vacation Rental YN No Water Source Public Zoning RM1

 
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