2136 N CARLISLE ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,845 sqft
Price per Sqft $157
Subdivision Temple University
MLS Listing ID PAPH2553728
Style Victorian
Bedrooms 6
Full Baths 2
Year Built 1915
Available Date 2025-11-06
Annual Tax Amount $3,593
Tax Year 2025
Lot Size 1,061 Sqft
Property Sub-Type Interior Row/Townhouse
Property Description
Please note - some pictures are virtually decluttered/emptied. Welcome to this rarely available property for sale on Carlisle St, right behind Temple University's James White Hall dorms. This 6 bed/2 bath house is rented out to a group of 4 students for $2695/mo, $32,340/year till July 31, 2026, with tenants paying all utilities. At $289,900 offered price, the evaluation is just below 9 GRM, which is amazing for the area while also being in one of the most desirable locations for students. Occupants love these houses for their spaciousness, character & most importantly - proximity to SEPTA, a 3-minute walk to campus and 7/11, pizzerias & other shops. A great thing about this property is that it offers immediate cash flow to a new property owner in its current condition and rent, while also providing room for sweat equity and higher rent. Similar 5-6 bed rental comps on the same block rent for $3000+, or in the future, the new owner could demolish and build a duplex, given its RM-1 zoning. Currently rented out to 4 students and in its current condition, this property can easily bring $3,000-$3,300 (which is only $500-550/room per bed when rented to a group of 6, which is still very affordable to students) after basic renovations, including replacing carpets, painting, light fixture upgrades, and kitchen & bathroom. A property management & a dedicated to the Temple University leasing team is available to assist with upkeeping the property and bringing that sweet cash flow. Inquire about the pro-forma sheet, but with 20% down, 6.5% interest rate, operational expenses like insurance, 5% of gross income allocation for vacancy, and 5% maintenance, the property would CASHFLOW $500/mo (please verify and do your own due diligence). Schedule your tour today! More properties are available for sale for package deals.
Location
Province PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Cooling Central A/C
Inclusions appliances & fixtures
Equipment Dishwasher,Washer,Dryer,Refrigerator
Exterior
Water Access N
Building
Story 3
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Special Listing Condition Standard