Investment opportunity at Temple University with a projected cap rate of 8.2%. The owner has been granted a zoning variance and was issued a use permit for single room occupancy. This allows up to 4 unrelated individuals to occupy this 4 bedroom rental and is rare to come by at Temple. This large turnkey single family rental has a lease in place through 7/31/2022 with a $1600 rental rate. There is significant room to increase rents over the next several years as the area continues to develop and the student rental market returns to normal. The property is located just a few blocks from Temple's main campus and is surrounded by new development. The property has 200 amp electric, updated radiators with digital thermostat, is sold with 4 new windows units and security cameras. Matterport virtual tour is available in Virtual Tours. Tenant pays all utilities.
Listed By JBMP Group
Listing Office JBMP Group, 2677972175
Updated 3:21AM - 12/3/2021
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