This recently fully updated 2 units multi-family is an ideal starter for investors. Live in one unit and rent out the other to help cover the mortgage while gaining equity. Previously rented for $2,800 per month, this property is also perfect for student housing given it’s proximity to temple’s campus. This is an easy and great investment to add to your rental portfolio, offering good return and low maintenance.
Unit 1 features a large one-bedroom, one-bathroom layout with proper living and dining spaces, a fully equipped kitchen, and access to a large private backyard for outdoor space and an unfinishe basement for storage. Unit 2 includes two bedrooms, one bathroom, a fully equipped kitchen, and a large living room space. Additional features include in-unit washer/dryer, central air and heat, recessed lighting, high ceilings, great natural light thought-outs and so much more.
This is a no brainer investment for the first time or seasoned investor. You can take advantage of the FHA loan or low 3% down payment conventional loan in addition to a potential available $5-$10k grant to help reduce your out of pocket cost.
Its location being close to temple university and Broad street adds to the urban convenience of living in North Philadelphia, with the variety of bus lines and the Broad Street line.
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