1958 N 8th St, Philadelphia, PA 19122

1958 N 8th Street Temple is the 2nd  largest university in PA and one of the largest on the east coast. With 2024 undergraduate enrollment reaching over 30,000 students, with limited on campus housing capacity, the large student population creates a consistent demand for off campus housing. This investment property is located in one of the most desirable blocks for off campus housing on the newer side of Temple. It is within walking distance to the main campus and only one block away from the Temple train station. It provides strong cash flow and stable tenancy. It has ALWAYS been 100% leased up, even during and after COVID. The annual rental income has been consistently above $47,800 for the past 4 years under current management. The CAP rate is an impressive 8%. The property is a large, newer construction duplex built in 2020, with high end finishes. It still has 5.5 years remaining in its tax abatement. Unit A has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a fenced in private backyard. The average rent for the unit is between $1800 and $2040 per month with 12 months leases in the past 4 years. Unit B has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. It comes with a large roof deck with impressive city views. The average rent for the unit is between $1950 and $2100 per month. Financial details are available upon request.