1739 W Berks Street Philadelphia, PA 19121
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Opportunity to acquire a fully occupied duplex on one of the most desirable blocks of the off-campus student housing community. Each unit is 4 bedrooms and have renewals in place through July 2023, which ensures new owner has no leasing and turnover efforts to oversee until 2023. The building features two, equally sized units with inverted layouts and a shared rear patio. Each unit features a spacious first floor living area with kitchen, two floors of well spaced out bedrooms and large bathrooms, and an unfinished basement space with washer/dryer and plenty of area for storage. Tenants are charged a monthly flat rate for water. All other utilities are tenant responsibility and paid directly to provider. Ownership prioritized early occupancy and renewal interest over extended pre-leasing efforts to new achieve higher rent roll over the past 24 months - a period that realized an uncharacteristic drop in demand for off-campus housing due to COVID-19 and available remote learning opportunities. This turnkey package investment offers tremendous upside while simultaneously offering security in the form of strong rental history. This property can be purchased as part of a package sale with triplex located at 1820 W Berks (PAPH2101552). Current annual income for 1739 W Berks is $52,800. Pro-forma is attached. Leases available for review upon request.
|12 hours ago||Listing updated with changes from the MLS|
|a month ago||Status changed to Active|
|a month ago||Price changed to $600,000|
|a month ago||Listing first seen online|