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    1618 N Bouvier Street

    PHILADELPHIA, PA 19121
    • $495,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: PAPH2008902
    $495,000
    • 8
      BEDS
    • 0.03
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,130
      SQFT
    • $232
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Completely renovated with new additions in 2019! It features 8 decent size bedrooms and 3 bathrooms with laundry unit in the finished basement. It has central HVAC system and a great backyard for activities or just rest. It is an excellent turn key rental property with close to 9% NOI cap rate after tax and other expenses. The property is in excellent condition and pretty much maintenance free. It's currently fully occupied by 8 great temple students with the lease to 07/31/2021 for $4200 per month. The good part is that the lease is renewed to 07/31/2022 for school year of 2021-2022. So you have one more full year to collect rents after purchase. This property is easy to rent out due to its location and excellent condition. The rent is slightly lower than the market on the similar location and condition by comparison. So there is great potential to increase the rent for school year of 2022-2023 post pandemic. Great location with this awesome investment property in the heart of the Temple University! Only a couple blocks away from the main campus! Just moments to the Broad Street Line at located at the Cecil B Moore Station - BSL stop. Easy access to shopping, public transportation & the Fresh Grocer, Temple University Sports Complex and The Liacouras Center & Pearson-McGonigle Hall. Come to view it today! Don't miss this great investment opportunity! Add it to your next investment portfolio!

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    www.marylandshoreliving.com/homes/119174625
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    1618 N Bouvier Street PHILADELPHIA, PA 19121

    • Price: $495,000
    • Status: Active
    • MLS #: PAPH2008902
    8
    Beds
    3
    Baths
    0
    ½ Baths
    0.03
    Acres
    2,130
    SQFT
    $232
    $/SQFT
    1920
    Built
    Neighborhood:
    Temple University
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    The School District Of Philadelphia
    Property Description
    Completely renovated with new additions in 2019! It features 8 decent size bedrooms and 3 bathrooms with laundry unit in the finished basement. It has central HVAC system and a great backyard for activities or just rest. It is an excellent turn key rental property with close to 9% NOI cap rate after tax and other expenses. The property is in excellent condition and pretty much maintenance free. It's currently fully occupied by 8 great temple students with the lease to 07/31/2021 for $4200 per month. The good part is that the lease is renewed to 07/31/2022 for school year of 2021-2022. So you have one more full year to collect rents after purchase. This property is easy to rent out due to its location and excellent condition. The rent is slightly lower than the market on the similar location and condition by comparison. So there is great potential to increase the rent for school year of 2022-2023 post pandemic. Great location with this awesome investment property in the heart of the Temple University! Only a couple blocks away from the main campus! Just moments to the Broad Street Line at located at the Cecil B Moore Station - BSL stop. Easy access to shopping, public transportation & the Fresh Grocer, Temple University Sports Complex and The Liacouras Center & Pearson-McGonigle Hall. Come to view it today! Don't miss this great investment opportunity! Add it to your next investment portfolio!
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2130 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Hot Water Heating YN Yes Interior Features Kitchen - Eat-In Levels 3 Main Level Bedrooms 8

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2021 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Natural Gas Heating Fuel Natural Gas Historic YN No Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 800841478524 Ownership Interest Fee Simple Possession 0-30 Days Cd Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 5515.00 Tax Assessment Amount 394000.00 Tax Lot 145 Total Actual Rent 50400.00 Vacation Rental YN No Water Source Public Zoning Rm1

     
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