1933 N Gratz St, Philadelphia, PA 19121

Description

This 11 year old constructed property is a fully occupied 9 bedroom duplex with both units leased for $3,255 per month on a M to M basis. Both units are rented out at under market rent, giving the units great upside to any investor interested in purchasing the building. The property is located just a few blocks from the Temple University main campus surrounded by new student development. The property features a full rear yard and roof deck, which allows it to command a premium over market rents. The building consists of a lower 4 bedroom bi-level unit and an upper 5 bedroom bi-level unit, each with access to a private outdoor space. Both units also come with an almost 1 to 1 of bed to bathroom ratio, making this ideal for leasing. The building includes a roof deck which is very unique for student rental properties at Temple University. The property is located on a popular student block, with several multi-family projects just completed and additional projects on the way. With increased demand for new construction inventory in the immediate area, this offering presents the opportunity to acquire a unique student development in a rapidly appreciating market with the ability to increase rent over time.