1611 N 17TH Street

Description

This property is part of a turnkey, modern 10-unit portfolio for sale - 1611 n 17th St., 1720 Fontain St., and 2214 Camac St. offering at $2,547,000 with almost a 10% return with a gross annual income of $252,540 across the properties. The portfolio consists of the following - This quad at 1611 n 17th St. 2013 construction.A duplex at 1720 Fontain St (4 bed/3 bath, 4 bed/4 bath) 2011 Construction. ( MLS# PAPH2193694)A quad at 2214 Camac St. (5 bed/5 bath, 3 bed/3 bath, two 3 bed/3 bath bi-level apartments) 2021 Construction. (MLS# PAPH2193704)All are in a turnkey condition and you will not need any work done to them and minimum maintenance going forward. About 1611 N 17th St - Three out of four units are rented for the 2023-2024 TU Academic year! Constructed in 2013, this quad has three 4 bed/3 baths and one 3 bed/2 bath unit. The owner has started updating the units and will deliver the building fresh & modern like the new paint in apartments and hallways. The sixth photo shows what the kitchens will look like with the Italian cabinets, sink and new countertops (Please note - the appliances will not be replaced). All units are occupied by students with strong co-signers. All rooms are spacious and have lots of natural light. $102,120 annual gross income. 9.78 GRM, 7% CAP. Located 7 min walk from the main campus on the 16th block of a popular among Temple students 17th street. Close to a Fresh Grocer supermarket, bar, public transportation, and businesses on Cecil B Moore. Truly a great location! Video tours & walkthroughs are available. Inquire about the Pro-forma/Offering Memorandum for more in-depth marketing materials!