Updated over 2 years ago on . Most recent reply
Temple Student Rental
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 100% 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.
What made you interested in investing in this type of deal?
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. He also believes the property will continue to appreciate and will be doing a cash out refi in a year or so for another rental.
