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Own a piece of Philadelphia's history AND earn instant equity when you buy this quadplex just 6 blocks from Temple University. Rent the units out, and now you have cash flow! Unit 1 is a 3 bed/1.5 bath, bi-level unit. Unit 2 is a 2 bed/2 bath unit. Unit 3 is a 3 bed/3 bath unit with the most amazing panoramic view from the 4th story. Unit 4 is a converted garage to the rear and has 1 bed/1 bath. Beautifully renovated and 90% of the way to get the Certificate of Occupancy. The seller was quoted $15,000 to install the water and gas lines to the property and $30,000 to install the sprinkler system. The 1st floor is zoned for commercial use and would require a $20,000 chair lift to meet code, OR if you prefer to downzone the building to 100% residential after closing, you can pocket the difference. There are just a few other touches needed to rent the units, including installing electric meters and some appliances. The 2022 Appraisal gives a $1,150,000 valuation after the building is complete and $625,000 As-Is. This property is truly a must-see.
Property Type(s):
Commercial
| Last Updated | 12/13/2024 | Tract | TEMPLE UNIVERSITY |
|---|---|---|---|
| Year Built | 1915 | Community | 19121 (19121) |
| County | PHILADELPHIA |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| HEAT | Central, Forced Air, Natural Gas |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 18.00 x 97.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | TEMPLE UNIVERSITY |
| TAXES | 6451 |
| WATER | Public |
Location
Listing provided by KW Empower
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: 1/9/25 11:45 PM PST
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