Don't miss out on this Turnkey! Check out this income-producing off-campus student housing property near Temple University! The moment you purchase, you start making money. Both units have LEASES SIGNED for the 2022-2023 academic year. Leases end at the end of July 2023 (7/22/23). Built in 2013, this this meticulously maintained property offers two 4 bedroom 2 bathroom units. Both units feature hardwood floors, granite countertops, shaker cabinetry, tiled bathrooms, a dishwasher, and washer/dryer in each unit. The lower unit has a spacious and well maintained patio attached to the rear room. This really is a turnkey investment property. Ready to make you money while steps to Temple University Main Campus where tenants emerge looking for off-campus housing every year making it easy to find new tenants if current tenants don't renew. This has been a rock solid investment producing a great consistent return for the current owner for many years! Both units are leased for the 2022-2023 school year. Potential annual gross income is $45,000 with estimated yearly expenses at $5,902 which includes taxes, insurance, and the water bill which the current owner pays. With an estimated net operating income of $39,098, this building offers excellent investment value. Priced to reflect a 7.1% cap rate, this property will be a great addition to any investor’s portfolio! Ask your agent for the links to the video tours for both units. This is a remarkable addition for the savvy investor so don't miss out! Schedule an appointment to take a look in-person or via live video tour right away!
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Courtesy of: Becker Capital, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th October, 2022 12:23 PM (UTC)
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