1814 W Ontario Street

Legal Triplex | Income-Producing Investment | Temple University Area Excellent investment opportunity just blocks from Temple University! This legal triplex features three residential units plus a bonus storage unit, offering multiple income streams. Current/Recent Rents: 3rd Floor 2 Bedroom: $1,165/month 2nd Floor 1 Bedroom: $995/month (just vacated) 1st Floor 1 Bedroom: $1,075/month (just vacated) Storage Unit: $300/month Recent Total Monthly Rent: $3,535 *Leases available upon request The property includes coin-operated laundry machines, an up-to-date fire alarm system, and has recently had the first and second floor apartments vacated, making them ready for a new owner to lease at current (higher) market rates. Please note that all three apartments were below market rent. But investors utilizing the Philadelphia Housing Authority (PHA) program may achieve substantially higher rents. Current PHA payment standards indicate potential rents of approximately: 2 Bedroom: $1,660/month Each 1 Bedroom: $1,390/month Potential residential rental income: Approximately $4,440/month, plus additional income from the storage unit and coin-operated laundry. The third-floor tenant is in good standing and currently on a month-to-month lease. *This is an AS-IS, Where-Is Sale. Buyer Pay All Transfer Taxes.*