1628-30 W SUSQUEHANNA AVE, Philadelphia, Pennsylvania
1628-30 W SUSQUEHANNA AVE, Philadelphia, Pennsylvania 19121 - TURN KEY INVESTMENT PROPERTY NEAR TEMPLE UNIVERSITY with 8.85% Cap Rate!!! Excellent opportunity for a new investor to get into the student housing market or for a seasoned investor to add to an existing portfolio. This property was completely rebuilt from the ground up in 2013. 6 years left on the tax abatement. Everything except the front facade and side walls is new. All new electric, plumbing, french drain, heating/cooling system, hot water heaters, windows, insulation, flooring and walls. Roof has a 10 year warranty. Apartments have hardwood floors in the common area and bedrooms and ceramic tiles in the bathrooms. Kitchens have granite countertops, cherry cabinetry, dishwashers and microwaves. Each unit is equipped with a HE washer/dryer. The building has a sprinkler system, hard-wired monitored fire alarm system, security cameras and in-unit video monitors. All utilities are separated. Tenants pay electric. Landlord pays water and wifi. Opportunity to increase the rent roll by renting the commercial space on the first floor. Less than 10 minutes walk to Temple's main campus and the Broad Street Line. Very easy commute to Center City. Please note: This property is being offered as a package with 1628 W Susquehanna. Each building has 4 units (1 commercial space, 1 4bd/2ba, 2 2bd/1ba) for a total of 8 units in the package. Gross Rent of $75,990.00 is for both properties. Taxes of $1122 is for 1630 W Susquehanna. Taxes for 1628 W Susquehanna are $875. Offered price for individual building is $369,000. See also MLS # 7035430.
Listing Courtesy of Main Line Investors Group
“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”