Temple Student Rental

[Kevin Uzelac]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Philadelphia.

Purchase price: $219,000

This is a Temple student rental that is tenant occupied until the end of July 2021. My investor bought this with cash and is looking at $2400 a month in gross rental income. The property is right near campus and is a no brainer for students looking for a cheap rental. There is 4 units each renting for $600 a month. My investor liked this because no work is really needed to continue to rent this out immediately. Right off the bat he will be cash flow positive and can continue to build his passive income portfolio.