1820 N 18th Street Philadelphia, PA 19121
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!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPhiladelphia
- Taxes$15,397
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusActive
- MLS ID NumberPAPH2347128
- Home Size Source Estimated
- Year Built2021
- Lot Size0.04 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Bi-level
- Construction BrickFrameConcreteMetal Siding
- Parking On Street
- Sewer Public Sewer
- Basement Fully Finished
- Acreage 0.04
- Water Public
- Property Sub Type Quadruplex
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning RM1
Interior Features
- Cooling Central A/ CElectric
- Heating Forced AirElectric
- Appliances MicrowaveDishwasherStainless Steel AppliancesWasher/ Dryer StackedRefrigeratorOven/ Range - Electric
- Flooring Vinyl
- Interior Built-InsCombination Kitchen/LivingRecessed LightingFloor Plan - OpenUpgraded Countertops
- Fireplace No
Exterior Features
- Roof Fiberglass
- Spa No
- Waterfront Property No
- Patio And Porch Patio(s)Roof
Community Features
- MLS Area 19121 (19121)