Courtesy of: Prosperity Real Estate & Investment Services
MLS ID: PAPH890860
Days On Market: 127
Year Build: 1915
Square Footage: 2,289 Sq ft
Lot size: 0.02
Property Type: Multi-Family
New Construction: No
Swimming Pool: No
Address: 2204 N 17TH ST
Calling all investors, legal triplex located <5 min away from Temple University in a developing neighborhood with new construction all around. Double digit cap rate potential once the last unit is rented. Due to COVID-19 and personal reasons, seller is not able to manage the property and wants to sell. Two out of three units are occupied with long term tenants all in good standing and rents paid on time. All three units have 3B / 1 BA with washer & dryer and separated utilities. Building was renovated in 2008 and is well maintained. This is priced for a quick sale. Capitalize on this opportunity now while rates remain at historical low numbers! No in-person showing at this time due to COVID-19 stay at home rules. An accepted offer will allow a walk-through of the unit. Inspection report available as well, done in March. Current rents for 2 out of the 3 units are $850 for the 2nd floor (annual lease just resigned) and $800 (month to month long term tenant) for the 3rd floor, owner pays water. Rent comps for 3 BR units in the area are between $950-$1300. Pictures were taken recently. Tenant occupied, 24 hour notice required for showings.
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: 28th November, 2020 9:17 PM
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