1811 W Master St

$4,400,000

$4,400,000

1811 W Master St

Temple Area

1811 W Master St Philadelphia, PA 19121 United States

Great opportunity to own a turnkey multifamily property close to a nearby University. This property includes 10 recently constructed (2013 and 2017) multifamily townhomes with a total of 25 units and 75 beds. There are five units that are 3 bed/3 bath, five units that are 2 bed/1 bath, five units that are 2 bed/2 bath and ten units that are 4 bed/2 bath. Currently, all units are occupied by students from the nearby University. The current rent roll for this property is averaging just under 500 dollars per bed, bring in a rent roll of 35,420 with an average of 6,938 in monthly expense. All properties still have multiple years left on their 10-year tax abatement. The buildings are located at 1811-19 Master and 1814-22 Harlan. Properties will not be sold individually.

Courtesy of Coldwell Banker Preferred-Old City