1708 N BOUVIER ST, Philadelphia, PA 19121
1708 N BOUVIER ST, Philadelphia, PA 19121
1708 N BOUVIER ST, Philadelphia, PA 19121
1708 N BOUVIER ST, Philadelphia, PA 19121
1708 N BOUVIER ST, Philadelphia, PA 19121
1708 N BOUVIER ST, Philadelphia, PA 19121
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Gregory & Stephanie Ireland

Gregory & Stephanie Ireland

+1(202) 550-0018
Listed by Toma Holovatskyy • RE/MAX Plus
$ 420,000
Est. payment | /mo

2,031 SqFt


Save
$ 420,000
Est. payment | /mo
Save

2,031 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,031 sqft

Price per Sqft $206

MLS Listing ID PAPH2619642

Style Contemporary

Abv Grd Liv Area 2,031

Year Built 2018

Annual Tax Amount $1,754

Tax Year 2025

Lot Size 784 Sqft

Acres 0.02

Lot Dimensions 14.00 x 56.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Inquire about the 3D tour! Turnkey 2018 duplex at $420,000, leased through July 31, 2027, at $50,100/yr. This prices to a 9.31% CAP (including insurance, 5% vacancy, 3% maintenance, trash, snow, license, water) and 8.38 GRM with 2 years of tax abatement remaining. Even after Philly's reassessment-on-sale, the CAP still holds at 8.31%. At 25% down and 6.75%, the deal returns $14,590/yr in cash flow, 13.9% cash-on-cash, and 1.60 DSCR. Note that pictures have been virtually staged/decluttered. Some bedrooms are currently under-occupied through August 2026, though the owner is willing to compensate the rents to the 2026-2027 term if closed before August.
Located on the 1700 block of Bouvier, one of the most popular student blocks in the Temple corridor (7-minute walk to campus and SEPTA, clean street, surrounded by other student housing). Temple has had a rough enrollment stretch, which is partly why these asset prices are attractive today. New president John Fry, who reshaped Drexel's footprint during his tenure there, is now driving Temple's campus redevelopment and recruitment efforts, making enrollment more likely to trend upward than downward.
Two 4BR/2BA units, central HVAC, in-unit washer and dryer, and modern finishes. Unit A has backyard access; Unit B is larger. At $52,500 per bed and a 22% expense ratio, this outperforms the comp set and is one of the few 2018+ builds in the area trading above a 9 CAP. Full underwriting available on request.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Interior Features Dining Area, Combination Dining/Living, Combination Kitchen/Living, Bathroom - Walk-In Shower

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank, Carpet, Ceramic Tile

Equipment Dishwasher, Washer, Dryer, Refrigerator, Stove, Built-In Microwave

Fireplace N

Appliance Dishwasher, Washer, Dryer, Refrigerator, Stove, Built-In Microwave

Heat Source Electric

Exterior

Exterior Feature Porch(es)

Water Access N

Accessibility None

Porch Porch(es)

Garage N

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 2031

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 471284910

Ownership Fee Simple

SqFt Source 2031

Security Features Intercom,Electric Alarm,Sprinkler System - Indoor,Smoke Detector,Window Grills,Motion Detectors

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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1708 N BOUVIER ST

Gregory & Stephanie Ireland

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