Description
Investor Opportunity! This mixed-use building located at Temple University offers significant potential for rental income in a highly desirable area for Temple U faculty and students. With a low real estate tax of $4252 for the year 2023 and a tax exemption of $100,192, this property presents an attractive investment opportunity. Don't miss out on the chance to capitalize on this promising venture! Remodeled in 2016, the property features approximately 1200sf of prime commercial space on the ground floor, currently leased to Mr. Wish, generating $5459/month with a 9-year lease. The second floor consists of a tenant-occupied 4-bedroom apartment generating $2150/month in rental income. Additionally, the third floor features a 4-bedroom apartment generating $2300/month in rental income, with leases ending on 07/25/2024. This property presents an ideal investment opportunity in a rapidly expanding area. Enjoy the convenience of being within walking distance to the main campus, restaurants, shopping, theaters, and excellent transportation connections to downtown Philadelphia. Seize this chance to capitalize on the thriving potential of this location!
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Description
Investor Opportunity! This mixed-use building located at Temple University offers significant potential for rental income in a highly desirable area for Temple U faculty and students. With a low real estate tax of $4252 for the year 2023 and a tax exemption of $100,192, this property presents an attractive investment opportunity. Don't miss out on the chance to capitalize on this promising venture! Remodeled in 2016, the property features approximately 1200sf of prime commercial space on the ground floor, currently leased to Mr. Wish, generating $5459/month with a 9-year lease. The second floor consists of a tenant-occupied 4-bedroom apartment generating $2150/month in rental income. Additionally, the third floor features a 4-bedroom apartment generating $2300/month in rental income, with leases ending on 07/25/2024. This property presents an ideal investment opportunity in a rapidly expanding area. Enjoy the convenience of being within walking distance to the main campus, restaurants, shopping, theaters, and excellent transportation connections to downtown Philadelphia. Seize this chance to capitalize on the thriving potential of this location!
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-11-30T11:55:01.707.