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Updated about 7 years ago,

User Stats

200
Posts
32
Votes
Lawrence LaMantia
  • Investor
  • Philadelphia, PA
32
Votes |
200
Posts

Temple Area Rental Deal

Lawrence LaMantia
  • Investor
  • Philadelphia, PA
Posted

1558 Sq Ft

4 Bed / 1 Bath
High ceiling in basement
RSA5


COMPS (.1 mile radius within last 180 days);

  • 2258 N Bouvier St, 19132; 1026 sq ft; 4 bed / 2.5 bath; rental grade reno w/ finished basement - $71,000
  • 2257 N Bouvier St, 19132; 1016 sq ft; 3 bed / 1 bath; rental grade reno - $65,000
  • 2406 N 17th St, 19132; 1925 sq ft; 5 bed / 1.5 bath; rental grade reno - $98,000
  • 2322 N 17th St, 19132; 1482 sq ft; 3 bed / 1 bath; rental grade reno - $87,500
  • 2331 N 19th St, 19132; 1634 sq ft; 4 bed / 1 bath; slightly nicer than rental grade reno - $90,000



Pick up a rental deal on a nice block on the outskirts of all the Temple development. If the development continues to push outward, you could reap the benefits of some strong appreciation. Property will need some work but once fixed up it should rent somewhere around $900 - 1,100 per month.


The property has got good bones to it, a newer furnace/hot water heater, and requires primarily only cosmetic updating. The electric box is a mess and needs to be addressed, and the current owner put an addition on the rear of the first floor to serve as a laundry room that is in bad shape (the rear wall is bulging which is visible from the outside).


The property is currently occupied, so we'll coordinate a time to get you access. Contact us with questions or if you're interested in seeing the property!


Purchase Price $30,000

Offering

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