This property is a part of a turnkey, modern 10-unit portfolio for sale - 1611 n 17th St., 1720 Fontain St., and 2214 Camac St. offering at $2,547,000 with almost a 10% return with a gross annual income of $252,540 across the properties. The portfolio consists of the following -
This quad at 1611 n 17th St. 2013 construction.
A duplex at 1720 Fontain St (4 bed/3 bath, 4 bed/4 bath) 2011 Construction. ( MLS# PAPH2193694)
A quad at 2214 Camac St. (5 bed/5 bath, 3 bed/3 bath, two 3 bed/3 bath bi-level apartments) 2021 Construction. (MLS# PAPH2193704)
All are in a turnkey condition and you will not need any work done to them and minimum maintenance going forward.
About 1611 N 17th St -
Constructed in 2013, this quad has three 4 bed/3 baths and one 3 bed/2 bath unit. The owner has started updating the units and will deliver the building fresh & modern by replacing carpets in rooms with luxury vinyl floors, and new paint in apartments and hallways. The sixth photo shows what the kitchens will look like with the Italian cabinets, stainless steel appliances, and new countertops. All units are occupied by students with strong co-signers. All rooms are spacious and have lots of natural light. $102,120 annual gross income. 9.78 GRM, 7% CAP. Units are rented till July 2023 and can be delivered fully rented till 2024 and/or vacant.
Located 7 min walk from the main campus on the 16th block of a popular among Temple students 17th street. Close to a Fresh Grocer supermarket, bar, public transportation, and businesses on Cecil B Moore. Truly a great location!
Video tours & walkthroughs are available. Inquire about the Pro-forma/Offering Memorandum for more in-depth marketing materials!
Courtesy of: RE/MAX Plus Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 6th February, 2023 5:18 AM (UTC)