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According to the listing agent, this listing is a bank owned (foreclosed) property. |
Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing. Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures. ****This property can be a package purchase with 1704 Cecil B. Moore, the attached building for $1,090,000 for further investment opportunity.**** Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of Temple University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential. Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time. Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!
Property Type(s):
Multi Family
| Last Updated | 12/11/2024 | Tract | TEMPLE UNIVERSITY |
|---|---|---|---|
| Year Built | 2017 | Community | 19121 (19121) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to May 14, '24 | $849,900 |
|---|---|
| May 14, '24 - Jun 11, '24 | $824,900 |
| Jun 11, '24 - Jul 12, '24 | $799,900 |
| Jul 12, '24 - Aug 13, '24 | $774,900 |
| Aug 13, '24 - Sep 3, '24 | $749,900 |
| Sep 3, '24 - Nov 21, '24 | $724,900 |
| Nov 21, '24 - Dec 11, '24 | $699,900 |
| Dec 11, '24 - Today | $664,900 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| HEAT | Central, Electric |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 18.00 x 80.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 4 |
| STYLE | Split Level, Straight Thru |
| SUBDIVISION | TEMPLE UNIVERSITY |
| TAXES | 1587 |
| WATER | Public |
Location
Listing provided by RE/MAX Keystone
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Data last updated: 1/10/25 4:39 AM PST
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