2000 N 17th St, Philadelphia, PA 19121

Property Description

All offers will be reviewed on September 30th 5pm. Please submit on or before this time INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Four-unit building, 8 bedrooms and 7 bathrooms across 3,222 sq ft. Three of the four units renovated in 2017. Fully leased through July 2027 — no lease-up exposure for an incoming owner. No tax abatement: assessed at full value, so no step-up risk on expiry. Unit 1 — 3 bed / 3 bath, renovated 2017, $1,725/month Unit 2F — 1 bed / 1 bath, renovated 2017, $1,050/month Unit 2R — 1 bed / 1 bath, $775/month Unit 3 — 3 bed / 2 bath, renovated 2017, $1,100/month Gross rental income of $55,800 for the 26/27 season, up from $52,800 in 25/26. Unit 1 is a 3 bed / 3 bath with an ensuite bathroom to every bedroom — a 1:1 ratio in the building's largest unit. In-unit washer and dryer in Units 2 and 3. Unit 2R is the one unit not renovated and currently rents $275 per month below the comparable Unit 2F. Unit 3 is leased to a group of two, leaving one bedroom unoccupied. Lowest price per square foot of the multi-unit properties in this package. All figures subject to independent verification. This property is offered individually and as part of a Temple University area package under single ownership. Package details and offering memoranda available from the listing agent.