1614 Fontain St,PHILADELPHIA, PA 19121

PHILADELPHIA PA, 19121

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Description

Student Housing Money making Turn Key Investment Alert! 1614 Fontain Street is located in a prime Temple University housing corridor and is fully rented. Newly constructed duplex was built in 2011 with modern finishes, state of the art security alarm, video monitoring, fire alarm and sprinkler systems. Both units are bi-level and include a kitchen with granite countertops, stainless steel appliances, electric stove, hardwood floors and recessed lighting throughout, central heat & A/C, intercom system, in-unit washer and dryer, plenty of storage space. Unit 1 has 3 bedrooms, 2 bathrooms, a fenced-in backyard. Unit 2 features 3 bedrooms, 2 full baths. Both units are rented out; Unit 1 is $1,650 monthly, Unit 2 is $1,725 monthly ($40,500/year Gross income). Both units are rented under market currently with projected rents as $1,800 & $1,875 (projected $44,100/year Gross income). Utilities are separate by unit and paid by tenants except water. Property has a strong rental history with zero vacancy. Direct Investors or Buyer Agents are welcome!!

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