$46,200 Gross Annual Income - Fully Leased! Prime Investment Opportunity Near Temple University! Discover this exceptional multi-unit property in the vibrant Temple University area of Philadelphia. Fully leased and generating $3,850 in monthly income, this well-maintained building offers immediate, reliable cash flow through end of July 2025. Property Highlights: - Unit Mix: Three spacious 3-bedroom, 1-bath apartments- Rental Income: $3,850 per month ($46,200 annually)- Lease Terms: Fully leased through end of July 2025, providing stable occupancy- Condition: Well-maintained with recent updates, attracting quality tenants- Location: Prime proximity to Temple University, in high demand for student and other high quality rental prospects Investment Benefits: - Immediate Income: Proven rental history and dependable cash flow- Desirable Location: Popular area with strong tenant demand- Growth Potential: Located in a neighborhood with ongoing development and rising property values- Turnkey Investment: Minimal maintenance, long-term tenants already secured This is a rare opportunity to acquire a fully leased, turnkey property in one of Philadelphia's hottest rental markets. Whether expanding your portfolio or starting out, this property promises strong returns and long-term growth potential. Schedule your showing today to explore this outstanding investment!
Mls | PAPH2405584 |
---|---|
Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1915 |
Days On Site | 63 |
Listing Provided By | EXP Realty, LLC | Danielle S. Py-Salas |
Sq Feet | 2,484 |
---|---|
Zoning | RM1 |
Acreage | 0.04 |
State | PA |
---|---|
County | Philadelphia |
City | Philadelphia |
Zip Code | 19121 |
Area | 19121 |
School District | The School District Of Philadelp |
Listing VS Median (in 19121) | |
Price: $419,000 low | high Med: $122,500 SqFt: 2,484 low | high Med: 1,200 $ / SqFt: $169 low | high Med: $104 On Site: 63 low | high Med: 15.000000 |