1950 N Gratz Street

Philadelphia, PA 19121

Do not miss out on the opportunity to add this income producing Temple University triplex to your portfolio! The building offers one 5 bed 5 bathroom unit and two 4 bedroom 2.5 bathroom units. All three units are already fully leased for the upcoming 2021-22 school year and commissions have already been paid! The gross annual income for the 2021-22 school year is $107,220 with estimated expenses at only $15,353.40 with roughly 7 years left on the tax abatement. The estimated annual rent increases are 1.5-3%. The units feature hardwood flooring, stone countertops, gray shaker cabinetry, and all have washers and dryers in the units, the upper unit has a roof top deck. With an estimated net operating income of $91,867.60, this building is a cash flow machine and will be a great addition to any investors portfolio! The location is great, just a short walk to Temple's campus for students.