2138 N 18TH Street

Description

Investor's Dream Duplex on Temple University Campus!This fully updated duplex, located in the heart of Temple University's campus, offers an exceptional investment opportunity with strong rental potential and versatile living spaces. The first unit spans the first floor and lower level (basement), featuring 3 bedrooms, 1 full bathroom, a kitchen, laundry, and a private yard on the main level. The finished basement provides additional living space, including a common area and an additional room that can serve as a den, workspace, storage, study lounge, or a quiet retreat. With the addition of egress, the finished basement room could be converted into a 4th bedroom, offering even greater potential. This unit offers a projected monthly rent of $1,800.Unit 2 is a bi-level layout encompassing the second and third floors. The second floor includes 3 bedrooms, a full bathroom, a kitchen, and laundry facilities. The third floor features 3 additional bedrooms, another full bathroom, and a private roof deck off the back bedroom with breathtaking views. This spacious unit offers a projected monthly rent of $3,600 if you were to rent each room out for $600/room.Both units are currently in the process of being vacated and will be fixed up to be in rent ready condition for the new owner.With a total of 9 bedrooms and 3 full bathrooms, this property is designed to cater to students and faculty alike, ensuring high demand and consistent cash flow. Additional highlights include a private yard for Unit 1 and a roof deck for Unit 2. With a combined projected monthly rent of $5,400, this turn-key property is the perfect addition to your rental portfolio in a prime location. This property qualifies for a 10K Grant offered by Prosperity Home Mortgage, which can be used for closing costs, rate buy-down, and more. It is fully forgivable to all buyers, not just first-time buyers. Reach out for more information.Additionally, the property qualifies for the CRA program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate.13-month HWA home warranty will be included with acceptable offer.Dont miss this incredible opportunity!