2122 N 17th St | 2122 N 17th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2122 N 17th St 2122 N 17th St
2 Unit Apartment Building $595,000 ($297,500/Unit) 7.59% Cap Rate Philadelphia, PA 19121
Investment Highlights
- Near Temple University
- Motivated seller
- 6 year tax abatement
Executive Summary
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.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $61,800 | $19.39 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $61,800 | $19.39 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $7,772 | $2.44 |
Net Operating Income | $54,028 | $16.95 |
Financial Summary (Actual - 2022)
Gross Rental Income | |
---|---|
Annual | $61,800 |
Annual Per SF | $19.39 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $61,800 |
Annual Per SF | $19.39 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $7,772 |
Annual Per SF | $2.44 |
Net Operating Income | |
---|---|
Annual | $54,028 |
Annual Per SF | $16.95 |
Property Facts
Price | $595,000 | Apartment Style | Townhome |
Price Per Unit | $297,500 | Building Class | A |
Sale Type | Investment | Lot Size | 0.03 AC |
Cap Rate | 7.59% | Building Size | 3,188 SF |
No. Units | 2 | Average Occupancy | 50% |
Property Type | Multifamily | No. Stories | 4 |
Property Subtype | Apartment | Year Built | 2019 |
Price | $595,000 |
Price Per Unit | $297,500 |
Sale Type | Investment |
Cap Rate | 7.59% |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | A |
Lot Size | 0.03 AC |
Building Size | 3,188 SF |
Average Occupancy | 50% |
No. Stories | 4 |
Year Built | 2019 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Yard
- Deck
- Freezer
- Patio
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
4+3 | 1 | $2,200 | 1,500 |
6+5 | 2 | $2,800 | 2,000 |
1 of 1
Transit Score ®
Excellent Transit (79)
zoning
Zoning Code | RM1 |
RM1 |
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2122 N 17th St | 2122 N 17th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.