1820 N 18TH ST Active

Philadelphia,PA 19121

$ 1050000

- Bed

- Bath

5923 SqFt


Key Details

Property Type Multi-Family, 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

Abv Grd Liv Area 5,923

Originating Board BRIGHT

Year Built 2021

Annual Tax Amount $15,397

Tax Year 2024

Lot Size 1,896 Sqft

Acres 0.04

Lot Dimensions 22.00 x 86.00

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

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,Refrigerator,Oven/Range - Electric

Fireplace N

Appliance Microwave,Dishwasher,Stainless Steel Appliances,Washer/Dryer Stacked,Refrigerator,Oven/Range - Electric

Heat Source Electric

Exterior

Exterior Feature Patio(s),Roof

Waterfront N

Water Access N

Roof Type Fiberglass

Accessibility None

Porch Patio(s),Roof

Parking Type On Street

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 321223805

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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