$ 435,000
-
$435,000
Price -
0
Bed -
4
Bath -
2,031
SqFt
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About the Listing 55821 - 3312814
Turnkey 2018 duplex at $435,000, leased through July 31, 2027, at $50,100/yr. This prices to an 8.99% CAP and 8.68 GRM with 2 years of tax abatement remaining. Even after Philly's reassessment-on-sale, the CAP still holds at 7.99%. At 25% down and 6.75%, the deal returns $13,705/yr in cash flow, 12.6% cash-on-cash, and 1.54 DSCR. Note that pictures have been virtually staged/decluttered. Some bedrooms are currently under-occupied through August 2026, though the owner is willing to compensate the rents to the 2026-2027 term if closed before August. Located on the 1700 block of Bouvier, one of the most popular student blocks in the Temple corridor (7-minute walk to campus and SEPTA, clean street, surrounded by other student housing). Temple has had a rough enrollment stretch, which is partly why these asset prices are attractive today. New president John Fry, who reshaped Drexel's footprint during his tenure there, is now driving Temple's campus redevelopment and recruitment efforts, making enrollment more likely to trend upward than downward. Two 4BR/2BA units, central HVAC, in-unit washer and dryer, and modern finishes. Unit A has backyard access; Unit B is larger. At $54,375 per bed and a 22% expense ratio, this outperforms the comp set and is one of the few 2018+ builds in the area trading near a 9 CAP. 3D tour and full underwriting available on request.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
PAPH2619642
Year Built
2018
Total Square Footage
2,031
Lot/Acreage
0.02
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances: Dishwasher, Washer, Dryer, Refrigerator, Stove, Built-In Microwave
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor: Luxury Vinyl Plank,Carpet,Ceramic Tile
- Above Ground Sq Ft: 2031
- Below Ground Sq Ft: 0
- Basement:
- Other: Dining Area,Combination Dining/Living,Combination Kitchen/Living,Bathroom - Walk-In Shower
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 14.00 x 56.00
- Zoning: RM1
- Roof:
- Others: Excellent
- Sewer: Public Sewer
Financial Details
- Tax Amount: $1,754
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1708 N Bouvier St Philadelphia, PA 19121
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