Legal Triplex | Income-Producing Investment | Temple University Area
Excellent investment opportunity just blocks from Temple University! This legal triplex features three residential units plus a bonus storage unit, offering multiple income streams.
Current/Recent Rents:
3rd Floor – 2 Bedroom: $1,165/month
2nd Floor – 1 Bedroom: $995/month (just vacated)
1st Floor – 1 Bedroom: $1,075/month (just vacated)
Storage Unit: $300/month
Recent Total Monthly Rent: $3,535
*Leases available upon request
The property includes coin-operated laundry machines, an up-to-date fire alarm system, one year pest control plan, and has recently had the first and second floor apartments vacated, making them ready for a new owner to lease at current (higher) market rates.
Please note that all three apartments were below market rent. But investors utilizing the Philadelphia Housing Authority (PHA) program may achieve substantially higher rents. Current PHA payment standards indicate potential rents of approximately:
2 Bedroom: $1,660/month
Each 1 Bedroom: $1,390/month
Potential residential rental income: Approximately $4,440/month, plus additional income from the storage unit and coin-operated laundry.
The third-floor tenant is in good standing and currently on a month-to-month lease.
*This is an AS-IS, Where-Is Sale.*
*Seller will consider Cash, HardMoney, and Conventional Loans. Inspections are for informational purposes only.*
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Listing Snapshot
Price
$275,900
Days On Site
5 Days
Bedrooms
4
Inside Area (SqFt)
2,576 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1939
MLS® Number
PAPH2668290
Status
Active
Property Tax
$3,241
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
5 days ago
Listing first seen on site
5 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.03
Foundation
Concrete Perimeter
Number Of Stories
3
Parking
None
Property Sub Type
Triplex
Security
Smoke Detector(s)Carbon Monoxide Detector(s)
Sewer
Septic Tank
Special Circumstances
Standard
SqFt Above
2576
SqFt Total
2576
Style
Other
Utilities
Sewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
RSA5
Interior Features
Appliances
Electric RangeElectric OvenElectric Water HeaterRefrigeratorMicrowave
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