1958 N 8TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19122
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,813 sqft
Price per Sqft $186
Subdivision Temple University
MLS Listing ID PAPH2453950
Style Other
Abv Grd Liv Area 2,813
Originating Board BRIGHT
Year Built 2020
Annual Tax Amount $1,822
Tax Year 2024
Lot Size 1,073 Sqft
Acres 0.02
Lot Dimensions 16.00 x 67.00
Property Sub-Type Interior Row/Townhouse
Property Description
1958 N 8th Street
Temple is the 2nd largest university in PA and one of the largest on the east coast.
With 2024 undergraduate enrollment reaching over 30,000 students, with limited on
campus housing capacity, the large student population creates a consistent demand for
off campus housing.
This investment property is located in one of the most desirable blocks for off campus
housing on the newer side of Temple. It is within walking distance to the main campus
and only one block away from the Temple train station. It provides strong cash flow and
stable tenancy.
It has ALWAYS been 100% leased up, even during and after COVID.
The annual rental income has been consistently above $47,800 for the past 4 years
under current management. The CAP rate is an impressive 8%.
The property is a large, newer construction duplex built in 2020, with high end finishes.
It still has 5.5 years remaining in its tax abatement.
Unit A has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a
fenced in private backyard. The average rent for the unit is between $1800 and $2040
per month with 12 months leases in the past 4 years.
Unit B has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a
large roof deck with impressive city views. The average rent for the unit is between
$1950 and $2100 per month.
Financial details are available upon request.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 202113400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard