Homes for sale - 1720 FONTAIN ST, Philadelphia, PA 19121

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Melissa Washington

melissawashingtonrealtor@gmail.com +1(410) 988-3622

$ 525,000

Est. payment | -/mo

2,912 SqFt

Save

$ 525,000

Est. payment | -/mo

Save

2,912 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,912 sqft

Price per Sqft $180

Subdivision Temple University

MLS Listing ID PAPH2391064

Style Traditional,Contemporary

Abv Grd Liv Area 2,912

Originating Board BRIGHT

Year Built 2011

Annual Tax Amount $7,858

Tax Year 2022

Lot Size 928 Sqft

Acres 0.02

Lot Dimensions 16.00 x 58.00

Property Description

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!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Rooms

Basement Other

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional, Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 321166801

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by John Jerome Perez Mangubat I • Keller Williams Main Line

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(410) 988-3622

melissawashingtonrealtor@gmail.com

10321 Southern Maryland Blvd, Dunkirk, MD, 20754, USA

1720 FONTAIN ST Philadelphia, PA 19121