Description
This income-producing Temple University duplex is a can’t miss and would be a great addition to a savvy investor's portfolio or for a first-time investor! Located just a few blocks from Temple University, this beautiful property offers one 4 bedroom 3 bathroom unit (lower unit) and one 5 bedroom 3 bathroom unit (upper unit). The units feature hardwood floors, recessed lighting, nice-sized bedrooms with custom built-in closets, fully equipped kitchens with stainless steel appliances, granite countertops, and breakfast bar, tiled bathrooms with tub shower combo, and a washer/dryer in each unit. The lower unit has access to a fenced patio and the upper unit boasts a huge rooftop deck! Both units are fully leased for the 2022-2023 school year. The gross annual income for the 2022-2023 school year is $77,700 with estimated expenses at $12,874. With an estimated net operating income of $64,826 and offered at an 8.10% cap rate, this building is a cash flow machine and will be a great addition to any investor's portfolio! Schedule an appointment today!
Location
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Courtesy of: Keller Williams Real Estate-Conshohocken 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: 1st July, 2022 10:14 AM (UTC)
