1724 Monument Street

PHILADELPHIA, PA 19121

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 1035
    Sqft(Lot)
$650,000

Description

If you are an investor looking for a safe, turnkey student rental property that has never been empty even during covid, is low maintenance, and is rented out till july 25, 2025 (potentially 2026) this is the property for you! $57,418 noi, 8.83% cap. this 2016 new construction duplex has a rare 8 bed | 8 bath set up so it is always in demand with temple students. it is located on the popular and in demand 17th block of monument street, only a 7-minute walk to the main campus, one of the key reasons why this property is easy to rent out. the units have modern appliances, private washers and dryers, central ac & heating, intercoms and they are well-maintained by the tenants. all the bedrooms can fit queen-sized beds, desks, and dressers and have well-sized closets which is exactly what every tenant needs. both units get a lot of natural light and are around 1250 sq ft each. unit 1 has access to a large backyard and unit 2 is a bit bigger than unit 1. here is a full financial breakdown with income and estimated expenses -
income: $62,400, common area electricity: $432. water - $1044. taxes - $1,458 (2 years left on tax abatement). trash -$500. rental license - $120. insurance - $1,428. offered at $650,000, this property is priced at 8.83% cap which is great for a newer construction building, and at $650/room, it has the potential to grow up to $675-$700 with some cosmetic upgrades! property management and leasing are on standby if the buyer elects to hire assistance with the property. call us with any questions and schedule your tour today!

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Unit/Flat

  • AD ID

    47456615

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Patio(s)

    Interior Features

    • Property Appliances: Dishwasher,Washer,Dryer,Intercom

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Forced Air
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 2016
    • Structure: Interior Row/Townhouse
    • Major Appliances: Dishwasher,Washer,Dryer,Intercom
    • New Construction: No
    • Total Units: 2
    • Built: 2016
    • Construction Material: Masonry
    • Security System: Intercom
    • Foundation/Basement: Other
    • Architecture: Unit/Flat
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 1,035
    • Lot Size (Acres): 0.02
    • Architectural Style: Unit/Flat
    • Main Square Feet: 1,035

    Property Information

    • SQ ft: 2,500
    • SQ ft (Living Area): 2,500
    • Total Lot SQ ft: 1,035
    • Financing: Cash,Conventional
    • Total Acreage: 0.02
    • New Construction: No
    • Type: Unit/Flat

  • Listing Information

    • Possession: 0-30 Days CD,120-180 Days,31-60 Days CD
    • Days Of Market: 22

  • Tax Information

    • Annual Tax: $931
    • Tax Year: 2020
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,120-180 Days,31-60 Days CD

    Assessment Information

    • Taxes Assessment Amount: $66,500

  • Virtual Tour

    Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional

    Homeowners Association Information

    • Direction: Please use GPS

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Please use GPS
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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2020 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 11/21/2024 @ 09:50

  • MLS: PAPH2413026
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 1,035 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19121, this PHILADELPHIA County Other and are nearby neighborhoods.