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2353 N PARK AVE PHILADELPHIA, PA 19132

$399,900

Listed By Keller Williams Philly, Daniel Tae Kim

Bedrooms

Total Baths

Full Baths

3,120

Square Feet

0.04

Acres

2013

Year Built

Active

Status

MLS#

PAPH2182500

Calling all investors/house-hackers! Here's your opportunity to purchase a freshly turned over duplex, right off of Temple University's campus, at 2353 N Park Avenue. This newer construction duplex (Built in 2013) features two bi-level units; a 4 bed/2 bath unit on the first floor and basement level and a 5 bed/2 bath unit on the second and third floors. Each unit features a mixture of hardwood flooring & carpet flooring (mainly in the bedrooms) and are equipped with "mid-grade" finishes which are more than good enough for student housing. Cherry-red cabinetry, granite countertops, tiled backsplash and stainless steel appliances are featured in both units. This is located just one block off of North Broad Street and four blocks away from Temple's Main Campus. Not to mention, there's also a shuttle bus service that transports students from Main Campus to their respective off-campus apartments/homes. Unit 1 is projected to rent out for at least $2,000/month while Unit 2 is projected to rent out for $2,500/month. *These rents have been achievable by current ownership in the past. Using these numbers and conservatively putting 25% of revenue aside for expenses/reserves, this building is priced at a 10.12% Cap Rate! The entire building has been professionally cleaned, re-painted, and laid with new carpeting in the common area hallway and bedrooms. This is also an excellent opportunity to AirBnB the entire building to achieve higher rental income versus standard market rate rents. With an abundance of over-priced, multi-family inventory all throughout Temple University, here we have an appropriately priced offering that's now available and fully turn-key. Please inquire with the listing agent for more specific financials on the property.

Details for 2353 N PARK AVE

Year Built
2013
Parking
No Info
Price / Sq Ft
$128
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
65 Days
Acres
0.04

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Keller Williams Philly, 2156076007

MLS# PAPH2182500

Updated 8:15PM - 2/2/2023

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2023 Bright MLS. All rights reserved.

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