3 months on rocket

1720 Fontain St, Philadelphia, PA, 19121

$525,000

Home List Price

$6,234*

Closing Credit

0 Baths
2,912 SqFt
$180/SqFt
Multi

Location

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1720 Fontain St, Philadelphia$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built2011
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2391064
Lot Size0.02 Acres
StatusActive
(ACTIVE)

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!

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: $525,000
  • Price Per SqFt: $180/SqFt

Tax Information:

  • Annual Amount: $1,054
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

1720 Fontain St vs Philadelphia

115 DAYS ON ROCKET

+70 Days

$525,000

+$259.6K More

$180/SqFt

-$21 Less

KEY TAKEAWAY

This property is $259.6K more than the Median Sold Price and $21/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

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 10:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 29, 2011Home Sold
$47,000
Nov 08, 2010Home Sold
$47,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,054 -
2019$1,019$511,000
2018$813$407,800
2017$813$407,800

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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.

Nearby Schools

school-card-donut-946069
2
/10

  • Kipp North Philadelphia Charter School

  • 2539 N 16th St

  • 0.56 miles

  • Public Charter Grades KG-6

school-card-donut-946070
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 0.89 miles

  • Public District Grades KG-5

school-card-donut-946071
3
/10

  • Mastery Charter School at Clymer

  • 1201 W Rush St

  • 0.99 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›1720 Fontain St

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 $525,000.

Over 219 listings were sold over their listed price in November 2024 in Philadelphia, PA. In the same period over 523 listings were sold below the listed price and 204 listings were sold for the listed price. Between October 2024 and November 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 1.8%. In November 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $265,372.

From Rocket Homes Real Estate and based on county public records data.

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