INVESTOR ALERT - 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS. Ground-up new construction triplex completed in 2015, a short walk from Temple University's Main Campus. Ten bedrooms and ten bathrooms - true one-to-one parity, so every bedroom in the building has its own bathroom, which almost no competing stock in… Read More this submarket delivers. Unit 1 - 4 bed / 4 bath - $1,700/mo. Unit 2 - 2 bed / 2 bath - $1,250/mo. Unit 3 - 4 bed / 4 bath - $1,700/mo. Total $4,650/mo, or $55,800 annually on the 26/27 contract, and rent collected in the trailing year came in ahead of contract. Not a conversion: built new in 2015, with the major systems still young. Water is more than fully recovered from tenants, so the utility line runs negative for the year, and operating expenses run 26.1% of effective gross income - the tightest in this portfolio. The ten-year tax abatement expired after 2025 and the 2026 bill is carried in full, so an incoming owner inherits the tax line as shown. Owner's operating statement available to qualified buyers. Read Less
Courtesy of Danielle Redenbaugh, BHHS Fox & Roach-Center City Walnut 215-627-6005
Listing Snapshot
Days Online
54
Last Updated
Property Type
Triplex
Square Ft.
3,592
Lot Size
0.03 Acres
Year Built
2015
MLS Number
PAPH2672658
Additional Details
Building
Built in 2015, Living area: 3592, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Foundation
Brick/Mortar
Heating
Forced Air
Lot
0.03 acres
Property
Excellent, Other structures: Above Grade, Below Grade
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