518 W Biddle Street

Description

Fresh Price! Here is your rare and a much sought after opportunity to own a turn key STUDENT RENTAL investment property. Unique location in an established and pedestrian friendly residential Borough neighborhood yet walkable to campus, downtown and other area amenities. All units are fully leased/rented with parental guarantees for this and the next school year. Never a vacancy in any lease term during 19 years of ownership except for a few short landlord chosen renovation time periods. Rents are below market with value add potential with normal yearly rent increases or much more with minimal improvements, parking and storage fees. Tenant's pay all utilities including electric, heat, hot water, water, sewer and trash. Private off street parking in parking lot with plenty of on street neighborhood parking. 4 of 5 units have student rental permits in place. All units are well maintained and include two 2 bedroom units, two 3 bedroom units and one 4 bedroom unit(this unit does not have a student rental permit but ideal for an owner occupant or non-student rental). Convenient front and rear common entrances along with secure individual private entrances. 4 bedroom unit has separate side entrance. Solid standalone block, brick and stucco construction. Two on site laundry facilities and tenant storage areas. Recent upgrades to parking lot, heating system along with some appliances. Don't delay! Multiple offers expected! Ideal turnkey investment property for first time or experienced investor. For comparable sales see 513 S High St PACT2040624 and 300-302 W Barnard PACT2020922.See also #PACT2041128. See also PACT2041300, PACT2041296, PACT2041292, PACT2041252, PACT2044198 and PACT2044206.