Description
Excellent investor opportunity to acquire a rare 10 room, 8 BR/Unit, 17 person group rental rooming house fully permitted for students. Prime location close to campus and downtown with numerous nearby amenities. Historically 100% occupied with consistent annual rental increases and value add potential as only a handful of student rental properties with similar boarding house/group rental student permitted uses exist in the Borough today. Under market per student rental rental rate. Previous complete renovation and rebuilding to accommodate students during ownership along with many recent upgrades and renovations including 2nd floor HVAC system, flooring, kitchen and bathroom cabinets and countertops, windows, doors, appliances among others. Turnkey investment property as tenants pay all utilities including electric, heat, hot water, water, sewer and trash. Off street parking, front and side porches, full basement for storage or other amenity possibilities, sprinkler system and access to coin operated laundry for tenants. Income and Expenses in documents.
