Prime cash-flowing duplex investment opportunity near Temple University in rapidly developing Philadelphia. Located at 1716 W Norris St, this newer-construction duplex (built in 2009) features two spacious bi-level apartments with a highly desirable student rental layout. One unit offers 4 bedrooms and 2 full bathrooms and features a spacious open-concept… Read More first floor living and dining area ideal for shared living. The second unit includes 3 bedrooms and 2 full bathrooms, providing flexible rental appeal for both student groups and young professionals. Each unit offers hardwood floors, central air and heat, in-unit washer and dryer, and excellent natural sunlight throughout. The apartments are in very good condition and designed for comfortable shared living, with large bedrooms and open common areas that appeal strongly to student tenants. Separate utilities for each unit help keep operating costs efficient for ownership. The property is fully leased with long-term tenants, generating strong annual income and providing immediate cash flow from day one. With continued growth in the Temple rental market, investors have clear upside potential to increase rents over time as leases renew and adjust to market levels, creating a compelling value-add opportunity alongside stable existing income. The location is ideal for tenants, just minutes from the main campus of Temple University and surrounded by popular campus nightlife, restaurants, and neighborhood amenities including Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb. Tenants also enjoy convenient access to shopping, dining, and everyday essentials nearby. Transportation throughout the city is simple with close proximity to the SEPTA Broad Street Line along with multiple bus routes connecting to Center City and surrounding neighborhoods. The property is being offered individually or as part of a portfolio package with nearby properties at 1826 W Norris St and 1921 N Gratz St, providing investors the rare opportunity to acquire multiple income-producing properties within approximately two blocks of one another in the Temple University rental market. Strong student rental demand, large bedroom count, modern construction, and immediate income make this a standout Temple-area investment opportunity. Read Less
Courtesy of Thaddeus Dynakowski III, OCF Realty LLC - Philadelphia 215-735-7368
Listing Snapshot
Days Online
1
Last Updated
Property Type
Townhouse
Square Ft.
2,353
Lot Size
0.03 Acres
Year Built
2009
MLS Number
PAPH2599488
Additional Details
Basement
Full, Fully Finished
Building
Built in 2009, Living area: 2353, Construction Materials: Brick
Cooling
Central A/C
Accessibility Features
None
Foundation
Block
Heating
Forced Air
Lot
0.03 acres, Dimensions: 15.00 x 73.00
Property
Excellent, Very Good, Good, Other structures: Above Grade, Below Grade
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