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Fully rented till Summer 2024! This property is part of a turnkey, modern 10-unit portfolio for sale - 1611 n 17th St., 1720 Fontain St., and 2214 Camac St. offering at $2,547,000 with almost a 10% return with a gross annual income of $252,540 across the properties. The portfolio consists of the following - This quad is at 2214 Camac St. 2021 Construction. A duplex at 1720 Fontain St. (4 bed/3 bath, 4 bed/4 bath), 2012 Construction. (MLS# PAPH2193694) A quad at 1611 N 17th St. (three 4 bed/3 bath, one 3 bed/2 bath) 2012 Construction. (MLS# PAPH2193686) Total annual income is $252,540 with room to grow. All are in a turnkey condition and you will not need any work done to them and minimum maintenance going forward. About 2214 Camac St. - It is an amazing, new construction quad with rare and desirable among students with 5 bed/5 bath, 3 bed/3 bath, 3 bed/3 bath, and 3 bed/3.5 bath apartments. 8 more years of tax abatement! Fully leased out till Summer 2024! Located 4 minutes walk from the main campus of Temple University. Close to public transportation, Rite-aid, shops, and businesses. All units are occupied by students with strong co-signers. All rooms are spacious and well-kept. $92820 annual income, 10.76 GRM, 7.9 CAP%. Video tours & walkthroughs are available. Inquire about the Pro-forma/Offering Memorandum for more in-depth marketing materials!
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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: 27th March, 2023 12:10 PM (UTC)