10 bedroom house for sale

Overview

Inquire about 3D video tours, floor plans, and video walkthroughs! Here is your opportunity to purchase a turn-key property, leased until July 31, 2025. Ideal for a 1031 Exchange, this investment features a building with a 9.77 Gross Rent Multiplier (GRM), offering tax deductions and appreciation potential. Located just a 30-second walk from the Norris and Broad St intersection, it's an excellent location for Temple University students and their parents, ensuring peace of mind and convenience. The building was completely renovated in 2011, with Unit 1 receiving a complete renovation in Summer 2023. From August 1, 2024, to July 31, 2025, the building will generate $6, 555 monthly, totaling $78, 660 annually. The tenants, who are Temple University students, are in joint leases and have qualified co-signers. The landlord covers water, trash pick-up, and cleaning of common areas. An estimated 7.75% CAP rate is exceptional for this setup and location. The units are easy to rent and manage due to the proximity to the school and their setups: Unit 1: 4 bed/4 bath, $2800 + $80 water fee Unit 2: 3 bed/2 bath, $1800 + $75 water fee Unit 3: 3 bed/1 bath, $1725 + $75 water fee The owner has maintained the property well, requiring minimal upkeep from the new landlord. All units boast central AC and heating, separate washers and dryers, and electric appliances. Schedule your tour today or explore our virtual tours! For more details and to contact: https://realtyww.info/homes_philadelphia-d523146/for-sale_i71782695