#PAPH2391698, Darwin Laureano, Listing Office: EXP Realty, LLC
$6,234
closing credit¹
1720 Fontain St Philadelphia, PA 19121
Property details
About 1720 Fontain St
Welcome to 1720 Fontain St - Your Gateway to Prime Investment Opportunity! Nestled just a stone's throw away from Temple University's bustling campus, this remarkable RM-1 zoned, duplex is a beacon of solid income and cash flow. With a stellar track record of full occupancy, this turnkey gem is poised to become your next revenue generator. This meticulously maintained property boasts a strategic location, ensuring swift tenant turnover thanks to its proximity to Temple's Main Campus. Comprising two spacious units, one offering 4 bedrooms and 3 bathrooms, and the other 4 bedrooms and 4 bathrooms. Inside, brand-new kitchens have been thoughtfully installed, elevating the culinary experience for your tenants. The entire building's interior has been freshly painted, providing a crisp, clean canvas for a modern lifestyle. Every room now features new floorings, setting a foundation of style and durability. And the upgrades don't stop there. State-of-the-art lighting graces each apartment, creating an inviting atmosphere for residents. As well as upgraded vanities and bathroom floors. When fully leased, this property can produce an impressive annual income nearing $60,000, and with remarkably low operating expenses, this property commanded a stellar 7.43% cap rate, exceeding market standards. Plus, for your peace of mind, we're offering a generous 6-month builder's warranty. Whether you're a seasoned investor or just embarking on your real estate journey, this building represents a sound addition to your portfolio. Don't miss out on this exceptional opportunity to secure your future in real estate. Act now and make 1720 Fontain St your gateway to financial success!
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2391064
- MLS Name: BRIGHT
- Office Name: Keller Williams Main Line
- Office Phone: (610) 520-0100
- Office Email: info@mainlinekw.com
- Listing Agent: John Jerome Perez Mangubat I
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Last updated on: 2/2/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$525,000
1720 Fontain St
$6,234
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 29, 2011 | Home Sold | $47,000 |
Nov 08, 2010 | Home Sold | $47,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $561,400 | $7,858 |
2022 | $561,400 | $7,399 |
2021 | $- | $1,054 |
2020 | $528,600 | $1,054 |
2019 | $511,000 | $1,019 |
2018 | $407,800 | $813 |
2017 | $407,800 | $813 |
History based on county public records data.
Nearby schools
2
Kipp North Philadelphia Charter School
Public Charter KG-6
0.6 mi
•2539 N 16th St
1
Richard R. Wright Elementary School
Public District KG-5
0.9 mi
•2700 W Dauphin St
3
Mastery Charter School at Clymer
Public Charter KG-6
1.0 mi
•1201 W Rush St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,651. The most common annual income of people living in Philadelphia, PA is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
Similar homes for sale
This home is located at 1720 Fontain St in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 2,912 square foot home, which was built in 2011, sits on a 0.02 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $525,000.
While more than 152 listings in Philadelphia, PA in January 2025 were sold above asking price, there were more than 186 listings sold at asking price, and more than 457 were sold below. The number of homes for sale in Philadelphia, PA increased by 3.5% between December and January 2025. In January 2025, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $266,945.