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!
Property Details
Property Features
Property Information:
Architectural Style: Traditional, Contemporary
Year Built: 2011
Living Area: 2,912 SqFt
Listing Office:
Office Name: Keller Williams Main Line
Office Phone: (610) 520-0100
Listing Agent: John Jerome Perez Mangubat I
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
Other
Directions Information:
Directions: 1720 Fountain St
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $540,000
Price Per SqFt: $185/SqFt
Tax Information:
Annual Amount: $1,054
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $278.1K more than the Median Sold Price and $14/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2391064
Listing Office:
Office Name: Keller Williams Main Line
Office Phone: (610) 520-0100
Listing Agent: John Jerome Perez Mangubat I
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Kipp North Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.56 miles
Public Charter Grades KG-6
1
/10
Richard R. Wright Elementary School
2700 W Dauphin St
Distance between this listing and this school0.89 miles
Public District Grades KG-5
3
/10
Mastery Charter School at Clymer
1201 W Rush St
Distance between this listing and this school0.99 miles
Public Charter Grades KG-6
Nearby Schools
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.19 miles
Public District Grades KG-8
3
/10
Alliance for Progress Charter School
1821 Cecil B Moore Ave # 39
Distance between this listing and this school0.37 miles
Public Charter Grades KG-8
3
/10
Young Scholars Charter School at Frederick Douglass
2118 W Norris St
Distance between this listing and this school0.37 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Carver High School
1600 W Norris St
Distance between this listing and this school0.10 miles
Public Magnet Grades 7-12
3
/10
Tech Freire Charter School
2221 N Broad St
Distance between this listing and this school0.39 miles
Public Charter Grades 9-12
2
/10
Philadelphia Military Academy at Elverson
2118 N 13th St # 2160
Distance between this listing and this school0.43 miles
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. The majority of families are single, no kids. Most residents in this area have high school diploma education.
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. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $540,000.
Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. The inventory of homes for sale in Philadelphia, PA between September 2024 and October 2024 increased by 9.8%. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.
From Rocket Homes Real Estate and based on county public records data.