7 Buildings, 21 apartments

Asking Price$4,350,000

Gross Revenue
$378,000

Net Operating Income$288,000

FF&ENot Disclosed

Building Sq. Ft.16746

Price per Sq. Ft.$268.72

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7 Buildings, 21 apartments


Asking Price$4,350,000

Gross Revenue
$378,000

Net Operating Income$288,000

FF&ENot Disclosed

Building Sq. Ft.16746

Price per Sq. Ft.$268.72

Property Description
Excellent Porfolio of 7 apartments buildings near Temple University. 1220 Tax ID 471166820; 1222 Tax ID 471166822; 1224 Tax ID 471166824; 1226 Tax ID 471166826;1228 Tax ID 471166828;1230 Tax ID 471166830; 1232 Tax ID 471166832. Prime Investment Opportunity Portfolio sale $4,400,000 and is open to individual proposal: 7-Building Portfolio Near Temple University An exceptional opportunity awaits with this 7-building portfolio strategically located near Temple University. This meticulously maintained portfolio offers a robust income stream with significant upside potential for investors. Each building in this collection is designed for independent operation, featuring separate utilities including three water meters and six electrical meters across the portfolio. All units are equipped with heat pumps for central heating and air conditioning, along with electric water heaters, ensuring tenant comfort and energy efficiency. For peace of mind and safety, each building also boasts a comprehensive fire alarm system and sprinkler system. The property's current layout offers 6 full bathrooms and 5 kitchens in each building, providing ample amenities for residents. The Use Classification of "Dormitories Living quarters rental license" is current, valid until December 2026 for all six buildings, providing a clear path for continued student or multi-unit rentals. A unique advantage of this portfolio is the 16-foot extension to the rear of the 1226-1232 buildings. This valuable space is currently utilized for parking, accessible via an automatic iron gate on Stiles Street, a highly sought-after amenity in this densely populated area. This portfolio includes the following properties: 1220 (Tax ID: 471166820); 1222 (Tax ID: 471166822); 1224 (Tax ID: 471166824); 1226 (Tax ID: 471166826); 1228 (Tax ID: 471166828); 1230 (Tax ID: 471166830); 1232 (Tax ID: 471166832. Serious inquiries only. All showings require a Proof of Funds (POF) to be submitted prior to scheduling. Don't miss this chance to acquire a significant asset in a prime location.
About the Property
Type
Multi-Family
Building Status
Established
Facilities & Assets
7 3 story Apartment buildings
Location Description
Temple University
Current and Prior Use
Apartments
Year Built
2013
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Current Property Expenses
Real Estate Tax, Refuse, Insurance, Water
Listing Info
ID:
2378010
Listing Views:
728
Business Location

Contact Seller

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Property Listed by: Paul Cheng Keller Williams

Listing ID: 2378010 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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