1958 N 8Th Street, Philadelphia, PA 19122-2023 $525,000

# of Units: 4
Interior Sq. Ft: 2,813
Acreage: 0.02
Age:5 years
Taxes: $1,822
MLS#: PAPH2453950
Subdivision: Temple University
Design/Type:
Interior Row/Townhouse

Description

1958 N 8th Street Temple is the 2nd  largest university in PA and one of the largest on the east coast. With 2024 undergraduate enrollment reaching over 30,000 students, with limited on campus housing capacity, the large student population creates a consistent demand for off campus housing. This investment property is located in one of the most desirable blocks for off campus housing on the newer side of Temple. It is within walking distance to the main campus and only one block away from the Temple train station. It provides strong cash flow and stable tenancy. It has ALWAYS been 100% leased up, even during and after COVID. The annual rental income has been consistently above $47,800 for the past 4 years under current management. The CAP rate is an impressive 8%. The property is a large, newer construction duplex built in 2020, with high end finishes. It still has 5.5 years remaining in its tax abatement. Unit A has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a fenced in private backyard. The average rent for the unit is between $1800 and $2040 per month with 12 months leases in the past 4 years. Unit B has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a large roof deck with impressive city views. The average rent for the unit is between $1950 and $2100 per month. Financial details are available upon request.

Taxes: $1,822
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: N
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Central Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer

Garage/Parking
On Street

Exterior
Brick/Mortar Foundation, Brick Exterior

Contact Information

Listing Courtesy of: EXP Realty, LLC , (888) 397-7352, pa.broker@exprealty.com

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Listing data as of 3/16/2025.