1402 N Willington Street

This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty will be included in the sale of the property. Located in the vibrant Temple University area near Temple University, this renovated triplex presents a strong value-add investment opportunity in one of Philadelphias most consistently rented neighborhoods. This three-unit property was purchased in October of last year and offers separate utilities, with tenants responsible for electric. All units are in good condition, providing a solid foundation for an investor looking to stabilize and maximize rental income. The first-floor bi-level unit features 4 bedrooms and 1.5 bathrooms and is currently vacant, offering immediate lease-up potential for a new tenant. The second-floor unit offers 3 bedrooms and 1 full bathroom and is rented per room to two individuals, with one tenant currently paying $600 per month. The third-floor unit includes 2 bedrooms and 1 bathroom and is currently occupied. Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest. Situated just steps from campus, public transportation, dining, and major commuter routes, this property benefits from high student and workforce rental demand. With the opportunity to reposition rents and improve occupancy, this is an ideal addition to an investors portfolio in a high-demand rental corridor. Nearby parks include Ingersoll Park, Francisville Playground, and Lawn Chairs, adding convenient outdoor and recreational options within close proximity. Schedule your showing today!