Fully rented duplex near Temple University offering immediate rental income and strong investment potential. Both units are currently leased at $2,400 per month each, providing $4,800 in monthly rental income, or $57,600 annually. At the asking price of $520,000, the property offers an approximate 11.1% gross rental yield. Built in 2011, this well-maintained duplex features hardwood floors, newer HVAC systems, off-street parking for two vehicles, and a private rear patio. The full unfinished basement offers approximately 7-8 ft ceilings and additional potential for storage or future finished space, subject to applicable zoning, permitting, and approvals. Conveniently located near Temple University's campus and public transportation, this property offers an attractive opportunity for investors seeking an established rental property with tenants already in place. Buyer to independently verify all rental, zoning, permitting, and development information.
| MLS # | PAPH2662184 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2011 |
| Days On Site | 59 |
| Listing Provided By | Keller Williams Real Estate-Blue Bell | Paurav Patel |
| SQ Feet | 2,640 |
|---|---|
| Units | 2 |
| Zoning | RM1 |
| Acreage | 0.04 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Concrete Perimeter |
| Garage Yes / No | No |
|---|---|
| Parking Features | Concrete Driveway, Stone Driveway |
| Tax Annual Amount | 6093 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19121) | |
Price: $510,000 low | high Med: $204,900 sqft: 2,640 low | high Med: 1,072 $ / sqft: $193 low | high Med: $191 On site: 59 low | high Med: 9 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19121) | |
Price: $510,000 low | high Med: $204,900 sqft: 2,640 low | high Med: 1,072 $ / sqft: $193 low | high Med: $191 On site: 59 low | high Med: 9 | |