1720 FONTAIN ST PHILADELPHIA, PA 19121
Listed By RE/MAX Plus, Matin Haghkar
Active Under Contract
This property is a 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 duplex is at 1720 Fontain St., 2011 Construction. A quad at 1611 N 17th St. (three 4 bed/3 bath, one 3 bed/2 bath) 2012 Construction (MLS# PAPH2193686) 2013 Construction. A quad at 2214 Camac St. (5 bed/5 bath, 3 bed/3 bath, two 3 bed/3.5 bath apartments) (MLS# PAPH2193704) 2021 Construction. Total annual income is $252,540 with room to grow. All turnkey investment properties will not need any work done to them and minimum maintenance going forward. About 1720 Fontain St - Constructed in 2011, this duplex has a 4 bed/3 bath and a 4 bed/4 bath unit. The owner has started updating the units and will deliver the building fresh & modern by, and new paint in apartments and hallways. The first photo shows what the kitchen will look like after the owner updates it with Italian cabinets and new countertops. All units are occupied by students. All rooms are spacious and have lots of natural light. $ 57,600.00 annual gross income. Units are rented till July 2023 and can be delivered fully rented till July 2024 and/or vacant. 9.43 GRM & 7.43% CAP. Located only a short 7 min from the main campus on the popular among students 17th block of Fontain St. Close to a mom & pop shops, pizzerias, public transportation, and businesses on Broad & Diamond. Truly a great location! Video tours & walkthroughs are available. Inquire about the Pro-forma/Offering Memorandum for more in-depth marketing materials!
Details for 1720 FONTAIN 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 5:16PM - 3/24/2023
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