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Completely Renovated in 2019 and Rented for $3,900 Per Month, this six-bedroom, three-bathroom home is just steps from Temple University, making it a prime investment opportunity. The property currently generates significant cash flow, with in-place tenants who have renewed their lease through July 2026, ensuring long-term stability. With extremely low taxes, this property offers a conservative cap rate of 8.6% and a cash-on-cash return of just under 10%, which is a rare find in today's interest rate environment. Whether you're a seasoned investor or new to the market, this home provides a reliable return on investment. The layout is ideal for Temple University students, featuring large living, dining, and patio areas, spacious bedrooms, each with its own closet, and two bedrooms per level across three floors. Each set of bedrooms is paired with a private full bathroom, and the second-floor laundry closet adds to the convenience of the home. Located in the most sought-after area for off-campus student housing, this property is one of the closest to Temple University, attracting both lower and upperclassmen. As an investor wisely once said, "As long as you're on the beach, your real estate will always hold value and appreciate." This location is as close to the "beach" as it gets for Temple University students. With rising enrollment and the leadership of new President John Fry, Temple University is expected to undergo significant transformation in the next decade, further increasing the demand for housing in the area. This is an exceptional investment opportunity you won't want to miss. Contact us today to discuss the numbers "” opportunities like this don't last long!
| DAYS ON MARKET | 5 | LAST UPDATED | 4/14/2025 |
|---|---|---|---|
| TRACT | TEMPLE UNIVERSITY | YEAR BUILT | 1915 |
| COMMUNITY | 19121 (19121) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer |
| AREA | 19121 (19121) |
| BASEMENT | Finished, Interior Entry, Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Ceiling Fan(s), Open Floorplan, Recessed Lighting |
| LOT | 871 sq ft |
| LOT DIMENSIONS | 14.00 x 57.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Straight Thru |
| SUBDIVISION | TEMPLE UNIVERSITY |
| TAXES | 1448 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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