School District: The School District Of Philadelphia
Address: 1815 N 18TH ST
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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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 3rd March, 2021 12:07 PM