Updated over 7 years ago on . Most recent reply
Student Housing For Sale
Student housing at Kutztown University. The building consists of a 4 bedroom house with an office space below it. The student housing is permitted for up to 6 students. The office space has a long term tenant that intends to stay for the foreseeable future. Tenants pay all utilities besides gas and common area utilities. PM me if interested.
Financials Below:
| Current Year With 5 Students | ||
| Monthly | Yearly | |
| Student Rental | $ 2,916.67 | $ 35,000.00 |
| Office Rental | $ 900.00 | $ 10,800.00 |
| Gross Rent | $ 3,816.67 | $ 45,800.00 |
| Taxes | $ 345.83 | $ 4,150.00 |
| Insurance | $ 158.42 | $ 1,901.00 |
| Heat | $ 182.21 | $ 2,186.55 |
| Common Area Utilities | $ 83.33 | $ 1,000.00 |
| Repairs/Maintenance | $ 126.75 | $ 1,521.00 |
| Gross Expenses | $ 896.55 | $ 10,758.55 |
| Net Income | $ 2,920.12 | $ 35,041.45 |
Thanks,
Anthony
Offering