MLS® ID: PAPH509984
4052 BARING STREET
PHILADELPHIA, Pennsylvania, 19104 $835,000
Triplex student housing apartment building in University City. Walking distance to Drexel University and University of Pennsylvania. Unit A has 5 bedrooms 2 bathrooms. Unit B has 3 bedrooms 1 bathroom. Unit C has 3 bedroom 1 bathroom. The whole building is fully furnished. All tenants are Drexel and U Penn students. Currently 100% occupied to the end of July or August, 2019. Monthly rent $5925. This building has been always 100% rented since it was built in 2013. 10 years tax abatement to the year of 2024. At the current asking price, the net CAP rate is about 7.6%. This is a great investment opportunity in University City market! Call or text at 215-360-7811 to make appointment.