14 BED OFF-MARKET TURN KEY STUDENT HOUSING NEAR TEMPLE UNIV

*Cash and hard money buyers only sold as is FIRST FLOOR UNIT Rent - $2,950/mo 6Bed/3Bath   Bi-Level unit w/ 3Bed/2Bath on top level and 3Bed/1Bath on basement level     SECOND FLOOR UNIT Rent - $1,825/mo 4Bed/2Bath     THIRD FLOOR UNIT Rent - $2,000/mo 4Bed/2Bath Total Sq Ft: 3,783 Total Gross Income: $81,300 Potential Rent: $8,000/Mo ($96,000/Yr) - Leases in hand. - All tenants on lease w/ cosigner. - Fully renovated in 2013, w/d in each unit, dishwasher, hardwood floor in each unit, off-street parking. - Tenants pay electric - units metered separately. - 10-year tax abatement ends Dec. 31, 2023. - 100% occupied. - Tenants on 12 mo leases all ending July 31, 2022. - Leases are by room w/cosigner on every lease. - This building is priced by bed count as the bedrooms have their own lease. - Building is zoned as res 2-4 unit. - First floor could be converted to 2 separate units with permit. This unit includes private and exclusive access to the backyard. - Upgraded countertops and skylight, recessed lighting. INCOME:   Total gross income $81,300 Net Operating Income $59,843 Potential Rent $8000/mo -or- $96,000/yr   **The number you see as our NOI factors in 5% of gross income to be deducted for repairs and 5% to be deducted for potential vacancy.   ASKING $926,300 or $66,164/bed ***based on our evaluation this is approx. $150,000-288,000 discount off market value***   Note: While cash and hard-money offers are preferred, we would consider a traditional financing offer.   Please contact us regarding access. DO NOT DISTURB TENANTS or randomly show up at the property. Access to be provided for qualified buyers only. Qualified buyers must provide proof of funds or lender pre-approval to gain access to the property. Access will be limited due to coordinating across 15+ parties. Please understand access is limited due to these circumstances.