Skip To Content

1426 N Willington Street

PHILADELPHIA, PA 19121
  • $679,000
  • STATUS: Active Under Contract
  • ON SITE: 46 Days
  • ID#: PAPH2052936
Under Contract
$679,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,496
    SQFT
  • $272
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2013
County:

School Ratings & Info

Description

Back on the market with a brand new roof, new tenants, new paint and an IMPROVED PRICE offered at a 8% cap rate! Fully Occupied at $5300/month with a lot of room to INCREASE rent! Group leases! Tenants pay for their own utilities with the exception of water. This is a great opportunity to own a turn key money maker in the heart of off campus housing. This duplex houses 9 beds and 5 baths total with a roofdeck and maintenance free yard,. Unit 1 rents at $2300 until 7/2023(4 bed 2 bath) and unit 2 (5 bed 3 bath) rents at $3000.00 until 8/2022 . The owner has been able to self manage the building to make the return even greater, zero vacancy under current ownership.The property is located just a few blocks from the Temple University main campus and is surrounded by new student development. The property features a rear yard and a rare to be seen roof deck, which allows it to command a premium over market rents. The property is located just south of campus between Francisville and Temple, with tons of surrounding student and market-rate developments. With increased demand for inventory on Willington, this offering presents the opportunity to acquire a turn key building to your portfolio. This building is perfect for a first time Investor or an Investor new to theTemple market. It is easy to manage.

Monthly Payment Calculator



©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Lux Living Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-22T23:49:19.963.
www.luxlivinggroup.com/homes/123826487
Print Image

1426 N Willington Street PHILADELPHIA, PA 19121

  • Price: $679,000
  • Status: Active Under Contract
  • On Site: 46 Days
  • ID#: PAPH2052936
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,496
SQFT
$272
$/SQFT
2013
Built
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Back on the market with a brand new roof, new tenants, new paint and an IMPROVED PRICE offered at a 8% cap rate! Fully Occupied at $5300/month with a lot of room to INCREASE rent! Group leases! Tenants pay for their own utilities with the exception of water. This is a great opportunity to own a turn key money maker in the heart of off campus housing. This duplex houses 9 beds and 5 baths total with a roofdeck and maintenance free yard,. Unit 1 rents at $2300 until 7/2023(4 bed 2 bath) and unit 2 (5 bed 3 bath) rents at $3000.00 until 8/2022 . The owner has been able to self manage the building to make the return even greater, zero vacancy under current ownership.The property is located just a few blocks from the Temple University main campus and is surrounded by new student development. The property features a rear yard and a rare to be seen roof deck, which allows it to command a premium over market rents. The property is located just south of campus between Francisville and Temple, with tons of surrounding student and market-rate developments. With increased demand for inventory on Willington, this offering presents the opportunity to acquire a turn key building to your portfolio. This building is perfect for a first time Investor or an Investor new to theTemple market. It is easy to manage.
Exterior Features

Architectural Style Contemporary Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Patio And Porch Features BalconyPatio(S)Roof Pool No Pool Property Condition Excellent Riparian Rights YN No Roof FiberglassRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2496 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions Tenants Belongings Fireplaces Total 0 Heating Heat Pump(S) Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features None Assessment Year 2021 Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Foundation Details Other Gross Income 63600.00 Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N Net Operating Income 51337.00 New Construction YN Yes Number Of Units Leased 2 Number Of Units Total 2 Original MLSNumber 801232582838 Owner Pays Water Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Septic Structure Design Type Twin/Semi-Detached Tax Annual Amount 2140.00 Tax Assessment Amount 152888.00 Tax Lot 47 Total Actual Rent 63600.00 Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Keller Williams Philadelphia.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Lux Living Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-01-22T23:49:19.963.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_801232582838-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_801232582838-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_801232582838-2.jpg
Logo
Lux Living Group | eXp Realty
1848 N Hancock, Ste C
Philadelphia PA, 19122