Bought with Kurt C Werner • RE/MAX Keystone
$550,000
$634,900
13.4%For more information regarding the value of a property, please contact us for a free consultation.
5,400 SqFt
SOLD DATE : 07/14/2025
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $101
Subdivision Temple University
MLS Listing ID PAPH2343696
Sold Date 07/14/25
Style Split Level,Straight Thru
Abv Grd Liv Area 5,400
Year Built 2017
Annual Tax Amount $1,587
Tax Year 2022
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 18.00 x 80.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing.
Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures.
Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential.
Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time.
Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX25
Interior
Hot Water Electric
Heating Central, Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Split Level, Straight Thru
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871403235
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Bank Owned/REO
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