Description
1839 N 17 th StreetTemple is the 2 nd largest university in PA and one of the largest on the east coast.With 2024 undergraduate enrollment reaching over 30,000 students, with limited oncampus housing capacity, the large student population creates a consistent demand foroff campus housing.This investment property is located in one of the most desirable blocks for off campushousing at Temple. It is only 2 blocks away from the main campus. It provides strongcash flow and stable tenancy.It has ALWAYS been 100% leased up, even during and after COVID.The annual rental income has been mostly above $80,000 ( varies between $79,800and $82,500) for the past 8 years under current management. The CAP rate is animpressive 9%.The property is a large, well maintained duplex.Unit A has 6 spacious bedrooms spanning 3 levels. It comes with a full size basementfor laundry, entertainment and storage. The fenced-in backyard provides extra space forrelaxation and enjoyment. The average rent for the unit is $3750 per month with 12months leases.Unit B has 5 spacious bedrooms spanning 2 levels with 2.5 bathrooms and a large livingroom. The average monthly rent has been between $2900 and $3250.Financial details are available upon request.
-
0BEDS
-
0.04ACRES
-
0BATHS
-
01/2 BATHS
-
2,721SQFT
-
$230$/SQFT
Description
1839 N 17 th StreetTemple is the 2 nd largest university in PA and one of the largest on the east coast.With 2024 undergraduate enrollment reaching over 30,000 students, with limited oncampus housing capacity, the large student population creates a consistent demand foroff campus housing.This investment property is located in one of the most desirable blocks for off campushousing at Temple. It is only 2 blocks away from the main campus. It provides strongcash flow and stable tenancy.It has ALWAYS been 100% leased up, even during and after COVID.The annual rental income has been mostly above $80,000 ( varies between $79,800and $82,500) for the past 8 years under current management. The CAP rate is animpressive 9%.The property is a large, well maintained duplex.Unit A has 6 spacious bedrooms spanning 3 levels. It comes with a full size basementfor laundry, entertainment and storage. The fenced-in backyard provides extra space forrelaxation and enjoyment. The average rent for the unit is $3750 per month with 12months leases.Unit B has 5 spacious bedrooms spanning 2 levels with 2.5 bathrooms and a large livingroom. The average monthly rent has been between $2900 and $3250.Financial details are available upon request.
©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-03-25T10:55:39.013.