2353 N PARK AVE PHILADELPHIA, PA 19132

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.