$429,000

Location Location Location! This amazing building which is only a 2 min walk from Temple University Main Campus, situated on one of the most desirable among students' 20th block of Carlisle St. is available for its new investor! The location is the main advantage of this property. It has a remarkable potential for appreciation due to its position between Norris & Diamond streets, just a short walk to a major university, public transportation, Pizzerias, 7/11, Rite Aid & more. It is a very easy property to fill with tenants and often they stay there for 2+ years. It is rented through July 2024 bringing in annually $43,200. Tenants pay for all utilities and have a good record of paying rent. The property has been properly maintained by the landlord and it will require minimum effort by the new owner to keep the business going. The new owner can update the property with a new kitchen, floors & fixtures with the potential of raising rents to $4200, $50,400 annually ($700/room) which is very reasonable for the area and the layout. Or you can just park the money, get a great return, approximation and enjoy the easy management! SPINS zoning which is very rare and allows many uses for the building. See the zoning guide for more details. The property has a backyard, unfinished basement, central AC & Heating, washer and dryer in the unit. Large living space with original and beautiful hardwood floors. Electric stove, dishwasher in the kitchen, bathroom and a bedroom on the first floor. Second floor has 2 bathrooms and 3 rooms. 3rd floor has 2 bedrooms. More than 2000 square feet! Inquire about showings and virtual tours!