For Sale
$450,000

4031 Green StPhiladelphia, PA 19104

Turnkey Student Housing, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-unit student housing property in Philadelphia's desirable West Powelton neighborhood presents a compelling investment opportunity. Priced at $450,000, this 2,160 square foot duplex boasts a 6.14% cap rate and a strong net operating income of $27,617, with 100% occupancy. Built in 1915, the property features a charming original façade complemented by updated interior finishes. Unit A, a 2-bedroom, 1-bathroom unit, includes hardwood floors, an updated kitchen, a ceramic tile bathroom, and a full basement for laundry and storage. Unit B is a spacious bi-level 4-bedroom, 2-bathroom unit with hardwood floors, modern kitchen and bathrooms, and in-unit laundry. Both units are separately metered and equipped with central HVAC. The 0.03-acre lot is zoned RSA5. Its prime location offers easy access to Drexel University, the University of Pennsylvania, Presbyterian Hospital, and various amenities, including SEPTA public transportation and proximity to 30th Street Station. This turnkey property is ideal for investors seeking a stable, high-return investment in a thriving urban area. The property's strong rental income and convenient location make it a highly attractive investment opportunity.

Property Details for 4031 Green St

Property type
Dormitories, Student housing
Square Feet
2,160 SF
Year Built
1915
Stories
2
Lot Size (sq. ft)
1,307 SF
Units
2

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9623484
Longitude
-75.2033378
4031 Green St, Philadelphia, Pennsylvania

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4031 Green St
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