2122 N 17th St
2 Unit Apartment Building | $650,000 ($325,000/Unit) | 9.10% Cap Rate | Philadelphia, PA 19121
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $650,000
- Property Type
-
Multifamily
- Square Feet
- 3,188 SF
Listing Contacts
Eric Dvotsky
Verified Profile
- Property Info
Property Overview
Welcome to 2122 N 17th Street, where modern luxury meets unparalleled investment potential in the heart of Temple University. This impeccably crafted duplex presents two distinct living spaces: a sprawling 4-bedroom, 3-bathroom unit alongside a grand 6-bedroom, 5-bathroom unit, each offering an oasis of comfort and style. Tenants can experience the pinnacle of city living with multiple outdoor retreats, including a massive private rooftop deck that unveils panoramic skyline vistas, perfect for entertaining or simply soaking in the vibrant atmosphere. Inside, meticulous attention to detail is evident with sleek hardwood-like flooring, recessed lighting, and a state-of-the-art video intercom system ensuring both security and convenience. The kitchens serve as culinary sanctuaries, equipped with top-of-the-line stainless steel appliances, granite countertops, a garbage disposal, and a dishwasher, elevating every cooking endeavor into an artful experience. Abundant natural light floods each of the generously proportioned bedrooms, adorned with custom built-ins in select closets, providing ample storage solutions without sacrificing style. Tenant comfort is prioritized with in-unit laundry facilities, while utility management is streamlined with tenants responsible for electric charges and a nominal flat water fee of $20 per person per month. With recent leases securing impressive monthly incomes of $2,400 and $3,400, and nearly six years remaining on the existing abatement, this property represents an enticing investment opportunity, poised to enrich any rental portfolio as a lucrative cash cow. Welcome to a living experience where luxury, convenience, and profitability converge seamlessly.
Property Details
- Class
- A
- Year Built
- 2019
- Stories
- 4
- Lot Size (sq. ft)
- 1,307 SF
- Units
- 2
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