Great opportunity for investors looking for high income producing multi-family property in the ever-growing Temple University Section of Philadelphia. Located just blocks from Temple University main campus and just 1 block from Tyler Art School. There are 4 units in this building: one 2-bedroom 1 bath unit, two 1-bedroom 1 bath units, and one studio unit. All four units have been updated. All of the apartments have been very easy to rent out during the past 9 years, and the 2 bedroom unit is intentionally left vacant for easy showing. All other units are currently occupied. The studio unit tenant has been there since August 2015. The students in the other two apartments have been there for 2+ years. Each tenant pays their own electricity for heat and cooking. Landlord pays for water and cable and internet for all units to share. Water, common area electricity, and cable is less than $200 per month for the landlord. Low taxes, and great investment with 10% cap rate.Owner also has a fully occupied duplex across the street For Sale at 2022 N 8 Street, which has one 4-bedroom unit, one 2-bedroom unit, and coin-operated laundry that tenants from both buildings use. Price to be determined. Interested buyer can purchase both as a package deal at a discount.
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