1521 N 15th Street

PHILADELPHIA, Pennsylvania 19121

Temple University off-campus student housing investment opportunity in A++ location! Located on one of the best blocks on campus, one block from Morgan Hall, in the heart of Main Campus. Well-maintained eight-unit property, with a ten year operating history at 100% occupancy. This property consists of an ideal unit mix that is easily leased, which includes seven 2-bed/1 bath and one 1-bed/1 bath totalling 15 beds. Gas and electric utilities are separately metered and paid by tenants. Spacious layouts with hardwood floors throughout and a private enclosed outdoor area for one unit. New roof coating just completed at the end of 2020. Bring in additional money each month with commercial coin operated laundry machines housed in the brightly lit and clean lower level, easily accessed by all tenants. All units fully leased for the 2020-21 school year and completely fully leased for 2021-22 with a 3% rent increase as well! Great income producing opportunity with an annual gross income of $138,300! A value-add opportunity, upgrading kitchens and bathrooms will allow the next owner to increase rents even further. With this location, and unit mix it will not last long! Step right in and start collecting income! Schedule your showing today before this opportunity is gone!