Description
1837 N WillingtonStreetTemple is the 2nd largest university in PA and one of the largest on the east coast.With 2024 undergraduate enrollment reaching over 30,000 students, with limited oncampus housing capacity, the large student population creates a consistent demand foroff campus housing.This investment property is located in one of the most desirable blocks for off campushousing at Temple. It is only 1.5 blocks away from the main campus. It provides strongcash flow and stable tenancy.The annual rental income has been mostly above $60,000 ( varies between $51,600and $63,600) for the past 5 years under current management. The CAP rate is animpressive 7.75%.The property is a well maintained duplex built in 2012.Unit A has 5 bedrooms spanning 3 levels. It comes with a fenced in private backyard.The average rent for the unit is $2500 (between $2000 and $3000) per month with 12months leases over the past 5 yearsUnit B has 4 light filled bedrooms spanning 2 levels with 2.5 bathrooms and a largeliving room. The average monthly rent has been between $2300 and 2600.Financial details are available upon request.
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0BEDS
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0.02ACRES
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0BATHS
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01/2 BATHS
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2,172SQFT
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$230$/SQFT
Description
1837 N WillingtonStreetTemple is the 2nd largest university in PA and one of the largest on the east coast.With 2024 undergraduate enrollment reaching over 30,000 students, with limited oncampus housing capacity, the large student population creates a consistent demand foroff campus housing.This investment property is located in one of the most desirable blocks for off campushousing at Temple. It is only 1.5 blocks away from the main campus. It provides strongcash flow and stable tenancy.The annual rental income has been mostly above $60,000 ( varies between $51,600and $63,600) for the past 5 years under current management. The CAP rate is animpressive 7.75%.The property is a well maintained duplex built in 2012.Unit A has 5 bedrooms spanning 3 levels. It comes with a fenced in private backyard.The average rent for the unit is $2500 (between $2000 and $3000) per month with 12months leases over the past 5 yearsUnit B has 4 light filled bedrooms spanning 2 levels with 2.5 bathrooms and a largeliving room. The average monthly rent has been between $2300 and 2600.Financial details are available upon request.
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