Incredible investment opportunity to acquire 8 fully leased units at Temple University at a 7.65% cap rate. The building consists of 1 and 2 bed units with open concept layouts, hardwood floors, central heating/cooling, in-unit washer/dryer, dishwasher, garbage disposal, and upgraded finishes. Located just south of Temple University, the building has typically attracted undergraduate students, however has recently seen interest from market rate renters as new construction development in Francisville has pushed north into 19121. The property was built as new construction 8 years ago and has two years remaining on the tax abatement. The surrounding area is exploding with new construction development, featuring residential homes selling for $400k+, market rate multi-family development, and large scale commercial development. This opportunity will not last long, schedule your tour today. Matterport 3D tours and flooplans are available in the documents/videos section, and additional marketing info can be sent upon request.
Courtesy of: JBMP Group 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: 28th September, 2021 8:23 PM