1743 N Willington St

Φιλαδέλφεια, PA 19121

Phenomenal Investment Opportunity! This income-producing duplex is located only two blocks from Temple University Main Campus, directly across the street from the police station! This well-maintained property offers one 2 bedroom 1 bathroom unit on the first floor and one bi-level 5 bedroom 2 bathroom unit on the second and third floors. The units feature beautiful hardwood floors, shaker cabinetry, tiled bathrooms with tub shower combo, and a non-coin operated washer/dryer in each unit. The bedrooms in both units have built-in closets, ceiling fans, and ample study space. The lower unit has a rear outdoor patio, which is a hot commodity among the students, perfect for entertaining friends or enjoying the fresh air. There is a full unfinished basement with a laundry area and tons of storage space. Both units are fully leased for the 2022-2023 school year (until July 2023)! This property's rental history is superb and has been student-occupied year after year, even during the height of COVID. Tenants tend to stay long term and each unit practically rents itself every year due to the safety of the police station across the street as well as its centrally located position just off of Montgomery Ave, which cuts directly through the heart of Temple's campus. The gross annual income for the 2022-2023 school year is $45,000 with estimated expenses at $10,672. With an estimated net operating income of $34,328 and offered at a 7.6% cap rate, this building is a cash flow machine and will be a great addition to any investor's portfolio!