2122 N 17th St - Apartments FOR SALE


Philadelphia, PA 19121
$595,000 USD
267-243-4652
2122 N 17th St, Philadelphia, PA for Sale
$595,000 USD
Apartments - FOR SALE
1/22
null | 7.59% Cap Rate

2122 N 17th St
Philadelphia, PA 19121


HIGHLIGHTS

  • Near Temple University
  • 6 year tax abatement
  • Motivated seller

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.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

2

PRICE/UNIT

$297,500

CAP RATE

7.59%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2122 N 17th St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

RM1

APN/PARCEL ID

321206702

ASK ABOUT THIS PROPERTY

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.