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1935 North 18th Street

Philadelphia PA 19121

0.03 ac.
Multi-Family
Currently for sale - view listing

Overview

1935 n 18th Street is a fully occupied 10 bedroom duplex leased for $7400 per month through 8/1/2023, and is being offered at an 7.14% cap rate. 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 full rear yard and upper level balcony. The building consists of two 5 bedroom bi-level units, each with access to a private outdoor space. Each unit has 5 bathrooms, creating an above-average bed-bath ratio that attracts renters to the property. The Temple University rental market has been consistently strong over the last several years, with average rent prices increasing on new construction inventory. The property is located on a main street on one of the most popular off-campus housing blocks at Temple. Both units have already been filled for 2022-2023, so the owner would not need to complete any leasing for the next 8-12 months.

Features

0.03 ac. lot size
Multi-Family

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