1939 N 18TH Street

Description

9 Years young, great income-producing, off-campus student housing duplex near Temple University! This well maintained professionally managed property offers a total of 10 bedrooms. Unit 1 (Unit A) is vacant, it's on main level and basement with total of 5 bedrooms and 2.5 bath, featuring hardwood floor in the hall way and kitchen. The main level has 2 bedrooms with kitchen and full bath., the bedroom at the end of the hall way has access to the rear patio. The basement has 3 bedrooms, common area , washer dryer and water heater. Unit 2 (Unit B) fully leased with $2750/mo rent till July 2023 located on the 2nd and 3rd floor. The 2nd floor has common area family room, kitchen, full bath and 2 bedrooms. The 3rd floor has 3 bedrooms with common hall way are with laundry and water heater. The proforma gross annual income is estimated at $66,000 and estimated net operating income about $44,000. Though the property currently has tax abatement it expires in 2023, so the estimated taxes about $7259 is included as an expenses in the estimated net operating income yielding 8% CAP. This building offers excellent investment value and will be a great addition to any investor+GGs portfolio! Schedule an appointment today!