3,500 SqFt
3,500 SqFt
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $221
MLS Listing ID PAPH2452500
Style AirLite
Abv Grd Liv Area 3,500
Originating Board BRIGHT
Year Built 2024
Annual Tax Amount $782
Tax Year 2024
Lot Size 1,376 Sqft
Acres 0.03
Lot Dimensions 16.00 x 86.00
Property Sub-Type Twin/Semi-Detached
Property Description
With a current rent of $5,189, there is room to increase to a market rent of $5,600, making this an attractive investment opportunity. The property provides consistent income, with tenants already in place, offering ease of ownership. Valued at $775,000, the property offers a cap rate of 6.63% and an annual net income of $51,372.
Located near Temple University, 2255 n Delhi St benefits from the university's vibrant environment, attracting students and faculty as potential tenants. This thriving neighborhood presents an excellent investment opportunity for those looking to capitalize on the university's influence and the area's growth potential.
Unit 1: $1680 exp 12/31/2026 (Section 8 100% guaranteed by GOV) (market rent $2100)
Unit 2: $1700 projected rent (Section 8 process has started)
Unit 3: $1800 exp 1/31/2026 (PHMC lease 100% guaranteed by GOV)
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Equipment Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer, Disposal, Dryer - Electric, Energy Efficient Appliances, Freezer, Refrigerator, Stainless Steel Appliances
Fireplace N
Appliance Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer, Disposal, Dryer - Electric, Energy Efficient Appliances, Freezer, Refrigerator, Stainless Steel Appliances
Heat Source Electric
Exterior
Utilities Available Electric Available
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 371138400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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