2025 North 18th Street

Philadelphia, PA 19121

$480,000
Price
7
Beds
5
Baths
2,286 Sq. Ft.
$210 / Sq. Ft.
2,286
Sq. Ft.
$210
per Sq. Ft.

Description

Enhance your investment portfolio with this exceptional turnkey opportunity, strategically positioned in the vibrant off-campus heart of Temple University. This meticulously crafted duplex emerges as a standout investment, initially constructed as new and diligently preserved by its original owner, ensuring its status as a coveted student rental haven.
The property showcases premium hardwood flooring, private outdoor access for leisure and gatherings, generously sized bedrooms for comfortable living,
...Enhance your investment portfolio with this exceptional turnkey opportunity, strategically positioned in the vibrant off-campus heart of Temple University. This meticulously crafted duplex emerges as a standout investment, initially constructed as new and diligently preserved by its original owner, ensuring its status as a coveted student rental haven.

The property showcases premium hardwood flooring, private outdoor access for leisure and gatherings, generously sized bedrooms for comfortable living, and an unbeatable location. Its proximity to the campus and public transportation facilities underscores convenience, making it an irresistible choice for students.

Currently, the property houses two units: the lower unit features 3 bedrooms and is leased for $1,875, while the upper unit boasts 4 bedrooms and is rented for $2,400. All leases are set to conclude by the end of July 2024, presenting a seamless transition for the new owner. The competitive landscape of student housing in the area, coupled with the ongoing development, signals a promising horizon for potential rent escalations, enhancing the investment's profitability.

Furthermore, there's an exclusive opportunity to expand your investment portfolio by acquiring this property in conjunction with 1713 Fontain Street, offering a strategic package deal. This investment not only promises immediate returns but also positions you advantageously in a market with a bright future for growth and development. Seize this opportunity to own a piece of the thriving Temple University area, a decision that promises both immediate rewards and long-term benefits.

Listing Agent

  1. Or Aharon

    Or Aharon

    Listing Agent

    Compass

    or.aharon@compass.com

    P: 267.270.6634

Property Details for 2025 North 18th Street

Tax ID Number
321219600
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
TEMPLE UNIVERSITY
Subdivision
TEMPLE UNIVERSITY (PHILADELPHIA PA)

Location

Add your commute
LISTING UPDATED: 03/20/2024 12:37 PM

Property Details for 2025 North 18th Street

StatusActive Under Contract
MLS #PAPH2323222
Days on Market32
Taxes$7,346 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2010
Lot Size0.03 AC / 1,136 SF
CountyPhiladelphia County

Building

2025 N 18th St

4 StoriesBuilt in 2010

Location

Add your commute

Building Information for 2025 North 18th Street

Stories4Residences-Year Built2010Building Size-Lot Size0.03 AC / 1,136 SF

Payment Calculator

$3,232 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,620

Property Taxes

$612

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2025 North 18th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $524,800
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $0
  • Land Assessed Value: $104,900
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Zoning: RM1
  • Tax Lot: 139
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 2
Unit 2
  • Type: Unit 2
  • Level: 2
  • Beds Total: 4
  • Half Baths Count: 0
  • Full Baths Count: 3
Financial Information
Financial Information
  • Annual Rental Income: $51,300
  • Cap Rate: 9.02
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 2,286.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1073794
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 2025 North 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2025 North 18th Street

Taxable ValueLand$104,900Additions$419,900Total$524,800
Tax Record2023$7,346 ($612 / month)
Home Facts
Total Finished SqFt2,286 SqFtAbove Grade Finished SqFt2,286 SqFtStories3Lot Size1,136 SqFtStyleMulti-Family Dwelling (2-4)Year Built2010ZoningRM1CountyPHILADELPHIAAPN32-1-2196-00

Schools near 2025 North 18th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Carver High School
Public7 to 12

Dobbins Avt High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.