Property
Beds
9
Full Baths
None
1/2 Baths
None
Year Built
2012
Sq.Footage
3,300
9.5+% CAP RATE POTENTIAL | TURNKEY LEGAL TRIPLEX + BONUS SPACE | TEMPLE UNIVERSITY AREA | 100% VACANT Incredible investment opportunity boasting a 9.5+ Cap Rate potential! Located just blocks from Temple University’s main campus, this newer-construction, brick-front legal 3-unit property offers massive cash flow, proven rental history, and incredible value-add upside. The property is being delivered 100% vacant, providing immediate flexibility for an investor to set top-of-the-market rents, pick their own tenants, or for an owner-occupant to house-hack. Unit Layout & Income Breakdown ($80,400 Historical Gross Annual Income) Unit A (1st Floor): 3 Beds / 1.5 Baths | Spacious living area, full kitchen, and exclusive access to the private rear backyard. (Previous Rent: $2,100/mo) Unit B (2nd Floor): 3 Beds / 1.5 Baths | Independent floor plan with dedicated living space and full kitchen. (Previous Rent: $2,300/mo) Unit C (3rd Floor): 3 Beds / 2 Baths | Top-floor apartment featuring strong natural light and two full bathrooms. (Previous Rent: $2,300/mo) Massive Value-Add Basement / Bonus Space Lower Level: The basement features a full 4th-unit layout, configured as a 1-bedroom apartment. It is currently being utilized as massive shared tenant storage and houses the common laundry facility (equipped with 2 washers and 2 dryers). This presents an incredible value-add opportunity for future expansion or additional income! Building Features & Mechanicals Finishes: Kitchens feature granite countertops, tiled floors, and full appliance packages. Durable, low-maintenance laminate flooring throughout living areas and bedrooms; fully tiled bathrooms in every unit. HVAC & Utilities: Central heating and A/C units for year-round climate control in every unit. Unit A is individually metered; Units B and C operate on a shared utility setup. All units are pre-wired for high-speed internet and cable. Location: Unbeatable, high-demand location steps from Temple University campus, SEPTA public transit lines, and local campus retail and eateries. With a proven gross income of $6,700/month, highly sought-after 3-bedroom layouts, and a massive bonus footprint in the basement, this turnkey asset is primed to deliver a highly lucrative 9.5+% Cap Rate. Schedule your showing today!
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
N/A
-
Above Grade Finished Area
3300.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,400
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Unit/Flat
Price
-
Sales Price
$599,000
-
Tax Amount
$7,402
-
Financing Options
Conventional, FHA, VA, Cash
-
Sq. Footage
3,300
-
Price/SqFt
$181
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
338
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Matthew J Aragona, Compass Pennsylvania, LLC
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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