Multifamily student housing
Multifamily unit for sale around Temple University. 5 units 23 students. $1,250,000. $12,650 monthly rent. $3,000 Insurance, $15,000 Property management. Tax abatement in effect for next 9 years. Current taxes $500. Fully rented for the next year. 10% cap rate. There has been a significant increase in off-campus housing over the last 10 years. Please let me know your thoughts.
Jay