1542 Fontain Str

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1542 Fontain Str

Philadelphia, PA 19121
Asking Price
$725K
Asset Type
Multifamily
Class
Class B

What's Special

1542 Fontain Street is situated in the North Philadelphia neighborhood, positioned within walking distance of the Temple University main campus. The immediate area features a mix of student residences, local eateries, and urban amenities. Residents have direct access to public transportation via the Broad Street Line at the Cecil B. Moore station and multiple SEPTA bus routes, providing a commute to Center City in approximately fifteen minutes. The property is positioned for use as a high-density residential asset, specifically catering to the university’s off-campus housing demand. Typical tenants consist of undergraduate and graduate students, as well as university faculty and staff seeking proximity to campus facilities. The location's high walkability and concentration of educational infrastructure make it a standard choice for investors focused on collegiate student housing and multi-unit residential development.

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NOI
$80,000
Cap Rate
11.03%
DSCR
1.86
Strong
Cash-on-Cash
16.99%
Monthly Payment
$3,586.904
Annual Cash Flow
$36,957.147

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