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Exceptional Investment Opportunity in Temple University Area - Fully Leased Multi-Family Property Discover an outstanding investment opportunity in the vibrant Temple University neighborhood with this fully leased, 4-building, 8-unit apartment complex. Perfectly situated steps away from the university, this property offers an ideal blend of convenience, style, and income potential. Property Highlights: **Location:** A stone's throw from Temple University, this property places tenants in the heart of student life, with easy access to Temple University Fitness, Code Blue emergency phones, multiple public transportation stops, and the bustling Broad Street. **Unit Features:** Each of the 8 units, spread across 4 buildings, features massive bedrooms that comfortably fit a queen-size bed and desk, alongside large closets for ample storage. The hardwood floors add elegance and durability, while in-unit washers and dryers ensure tenant convenience. **Updated Kitchens:** Modern, updated kitchens in each unit make the space both functional and inviting, perfect for communal living and entertaining. **Private Outdoor Spaces:** Each unit boasts its own private outdoor area, allowing tenants to relax and enjoy the Philadelphia weather. **Parking:** The convenience of 1 private parking space per unit is a rare find in this bustling area, adding significant value for tenants. **Financials:** With all units currently leased and generating an annual gross revenue of $249,600, this investment promises a 6.9% cap rate. The leases for units end in July 2024, with the exception of 1827 N 18th St Unit 2 which extends to July 2025. This property represents a lucrative investment opportunity. The combination of its prime location, desirable unit features, and strong financial performance makes it an attractive option for savvy investors. Act now to take advantage of this unique opportunity in the Temple University area!
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Exterior Features - Masonry
Cooling - Central A/C, Electric
Heating - Central, Natural Gas
Hot Water - Natural Gas
Sewer - Public Sewer
Water - Public
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