Description
Located in North Philadelphia, 1815 N 18th St is a 2-unit brick building close to Temple University. Both units offer a lot of space, the first (Unit A) has 5 bedrooms with 2 baths and the second (Unit B) has 4 bedrooms with 2 baths. This property comes with tenants already occupying the space which offers the potential buyer a cash flowing property right away. Unit A has renters until July 2021, and new renters will take over the lease in August -- proving this property is easy to lease. Unit A is currently leased for $2550/month. Unit B is also occupied with its lease already renewed to July 2022 and goes for $2400/month. It is currently managed by MK Management Group, one of the leading management groups around Temple University. This is an ideal property for any new or seasoned investors looking to get into the Temple Student housing market as it can be sold as part of a larger package or sold separately as an individual property. Running at a 7 cap, this property is right on trend for what the area is currently trading for. Please email listing or co-listing agent for offering memorandum of entire package or for more information. Please also find the attached documents: SPD and Financials.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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2,784SQFT
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$230$/SQFT
Description
Located in North Philadelphia, 1815 N 18th St is a 2-unit brick building close to Temple University. Both units offer a lot of space, the first (Unit A) has 5 bedrooms with 2 baths and the second (Unit B) has 4 bedrooms with 2 baths. This property comes with tenants already occupying the space which offers the potential buyer a cash flowing property right away. Unit A has renters until July 2021, and new renters will take over the lease in August -- proving this property is easy to lease. Unit A is currently leased for $2550/month. Unit B is also occupied with its lease already renewed to July 2022 and goes for $2400/month. It is currently managed by MK Management Group, one of the leading management groups around Temple University. This is an ideal property for any new or seasoned investors looking to get into the Temple Student housing market as it can be sold as part of a larger package or sold separately as an individual property. Running at a 7 cap, this property is right on trend for what the area is currently trading for. Please email listing or co-listing agent for offering memorandum of entire package or for more information. Please also find the attached documents: SPD and Financials.
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