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!
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Listing Snapshot
Price
$599,000
Days On Site
18 Days
Bedrooms
9
Inside Area (SqFt)
3,300 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
2012
MLS Number
PAPH2676294
Status
Active Under Contract
Property Tax
$7,402
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Invite
Recent Activity
a week ago
Status changed to Active Under Contract
a week ago
Listing updated with changes from the MLS
3 weeks ago
Listing first seen on site
General Features
Acres
0.03
Foundation
Brick/Mortar
Parking
On Street
Property Sub Type
Triplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
3300
SqFt Total
3300
Style
Unit/Flat
Water Source
Public
Zoning
RM1
Interior Features
Appliances
RangeOvenCooktopElectric Water HeaterBuilt-In RangeDryerFreezerRefrigeratorWasherMicrowave