1952 North 18th Street
Description
- Unit Mix: Two spacious 4-bedroom, 2-bath apartments...$45,600 Gross Annual Income – Fully Leased! Prime Investment Opportunity Near Temple University! Welcome to this outstanding multi-unit property, perfectly positioned in the thriving Temple University area of Philadelphia. This well-maintained building offers two fully leased units, generating an incredible monthly income of $3,800. With leases secured through July 31, 2025, investors can enjoy immediate and reliable cash flow. Property Highlights:
- Unit Mix: Two spacious 4-bedroom, 2-bath apartments
- Current Rental Income: $3,800 per month ($45,600 annually)
- Lease Terms: Fully leased through July 2025, ensuring stable occupancy and consistent income
- Condition: Well-maintained and updated, appealing to high-quality tenants
- Location: Prime proximity to Temple University, a high-demand area for student and professional rentals
Investment Benefits:
- Immediate Income: Established rental history with dependable cash flow
- Desirable Location: High demand from students and other prospective tenants in a vibrant, growing area
- Future Growth Potential: Situated in a neighborhood with ongoing development and property value appreciation
- Turnkey Investment: Minimal maintenance required, with long-term tenants already in place
This is a rare opportunity to acquire a fully leased, turnkey investment property in one of Philadelphia’s hottest rental markets. Whether you're expanding your portfolio or just starting out, this property offers a strong return and significant long-term potential. Schedule a showing today and explore this exciting investment opportunity!
- Listed by Danielle S. Py-Salas • EXP Realty, LLCP: (484)-430-1777 dpysalas@strealtynetwork.com
- Listed by Guillermo Salas III • EXP Realty, LLCP: (484)-429-6025 gsalas@strealtynetwork.com
Property Details for 1952 North 18th Street
Property Details for 1952 North 18th Street
| Status | Active |
|---|---|
| MLS # | PAPH2405544 |
| Days on Market | 42 |
| Taxes | $7,838 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1915 |
| Lot Size | 0.04 AC / 1,536 SF |
| County | Philadelphia County |
Building
1952 N 18th St
Building Information for 1952 North 18th Street
Property Information for 1952 North 18th Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19121 (19121)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $560,000
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $448,000
- City Town Tax: $3,449
- Land Assessed Value: $112,000
- Clean Green Assessed: No
- Land Use Code: W50
- Zoning: RM1
- Tax Lot: 232
- School Tax: $4,389
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2
- Units Leased Count: 2
- Vacancy Allowance Rate: 5.00%
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Beds Total: 4
- Half Baths Count: 0
- Full Baths Count: 2
- Total Rooms: 4
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Level: 2
- Beds Total: 4
- Half Baths Count: 0
- Full Baths Count: 2
- Total Rooms: 4
- Gross Income: $43,320
- Annual Rental Income: $45,600
- Income Includes: Apartment Rentals
- Building Units Total: 2
- Total Finished SQFT: 3,411.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 3,411.00
- Total SQFT: 3,411.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Basement Type: Full
- Foundation Details: Concrete Perimeter
- Lot Size Source: Assessor
- Lot Size Dimensions: 16.00 x 96.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1073840
- Ground Rent Exists: No
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
- List Agent URL: www.guillermosalasteam.com
Property History for 1952 North 18th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1952 North 18th Street
Schools near 1952 North 18th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Young Scholars Frederick Douglass Charter School CharterK to 8 | ||
Strawberry Mansion High School Public9 to 12 | ||
Carver High School Public7 to 12 | ||
Philadelphia Military Academy At Elverson Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of EXP Realty, LLC
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.