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Welcome to 1720 Fontain St - Your Gateway to Prime Investment Opportunity! Nestled just a stone's throw away from Temple University's bustling campus, this remarkable RM-1 zoned, duplex is a beacon of solid income and cash flow. With a stellar track record of full occupancy, this turnkey gem is poised to become your next revenue generator. This meticulously maintained property boasts a strategic location, ensuring swift tenant turnover thanks to its proximity to Temple's Main Campus. Comprising two spacious units, one offering 4 bedrooms and 3 bathrooms, and the other 4 bedrooms and 4 bathrooms. Inside, brand-new kitchens have been thoughtfully installed, elevating the culinary experience for your tenants. The entire building's interior has been freshly painted, providing a crisp, clean canvas for a modern lifestyle. Every room now features new floorings, setting a foundation of style and durability. And the upgrades don't stop there. State-of-the-art lighting graces each apartment, creating an inviting atmosphere for residents. As well as upgraded vanities and bathroom floors. When fully leased, this property can produce an impressive annual income nearing $60,000, and with remarkably low operating expenses, this property commanded a stellar 7.43% cap rate, exceeding market standards. Plus, for your peace of mind, we're offering a generous 6-month builder's warranty. Whether you're a seasoned investor or just embarking on your real estate journey, this building represents a sound addition to your portfolio. Don't miss out on this exceptional opportunity to secure your future in real estate. Act now and make 1720 Fontain St your gateway to financial success!
Property Type(s):
Multi Family
| Last Updated | 11/25/2024 | Tract | TEMPLE UNIVERSITY |
|---|---|---|---|
| Year Built | 2011 | Community | 19121 (19121) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Nov 25, '24 | $540,000 |
|---|---|
| Nov 25, '24 - Today | $525,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| BASEMENT | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 871 sq ft |
| LOT DIMENSIONS | 16.00 x 58.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Contemporary, Traditional |
| SUBDIVISION | TEMPLE UNIVERSITY |
| TAXES | 7858 |
| WATER | Public |
Location
Listing provided by Keller Williams Main Line
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 4:40 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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