1611 N 17TH ST PHILADELPHIA, PA 19121
Listed By RE/MAX Plus, Matin Haghkar
This property is part of a turnkey, modern 10-unit portfolio for sale - 1611 n 17th St., 1720 Fontain St., and 2214 Camac St. offering at $2,547,000 with almost a 10% return with a gross annual income of $252,540 across the properties. The portfolio consists of the following - This quad at 1611 n 17th St. 2013 construction. A duplex at 1720 Fontain St (4 bed/3 bath, 4 bed/4 bath) 2011 Construction. ( MLS# PAPH2193694) A quad at 2214 Camac St. (5 bed/5 bath, 3 bed/3 bath, two 3 bed/3 bath bi-level apartments) 2021 Construction. (MLS# PAPH2193704) All are in a turnkey condition and you will not need any work done to them and minimum maintenance going forward. About 1611 N 17th St - Three out of four units are rented for the 2023-2024 TU Academic year! Constructed in 2013, this quad has three 4 bed/3 baths and one 3 bed/2 bath unit. The owner has started updating the units and will deliver the building fresh & modern like the new paint in apartments and hallways. The sixth photo shows what the kitchens will look like with the Italian cabinets, sink and new countertops (Please note - the appliances will not be replaced). All units are occupied by students with strong co-signers. All rooms are spacious and have lots of natural light. $102,120 annual gross income. 9.78 GRM, 7% CAP. Located 7 min walk from the main campus on the 16th block of a popular among Temple students 17th street. Close to a Fresh Grocer supermarket, bar, public transportation, and businesses on Cecil B Moore. Truly a great location! Video tours & walkthroughs are available. Inquire about the Pro-forma/Offering Memorandum for more in-depth marketing materials!
Details for 1611 N 17TH ST
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office RE/MAX Plus, 2154223711
Updated 5:15AM - 3/24/2023
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