1837 N Willington Street

1837 N Willington Street Temple is the 2nd  largest university in PA and one of the largest on the east coast. With 2024 undergraduate enrollment reaching over 30,000 students, with limited on campus housing capacity, the large student population creates a consistent demand for off campus housing. This investment property is located in one of the most desirable blocks for off campus housing at Temple. It is only 1.5 blocks away from the main campus. It provides strong cash flow and stable tenancy. The annual rental income has been mostly above $60,000 ( varies between $51,600 and $63,600) for the past 5 years under current management. The CAP rate is an impressive 7.75%. The property is a well maintained duplex built in 2012. Unit A has 5 bedrooms spanning 3 levels. It comes with a fenced in private backyard. The average rent for the unit is $2500 (between $2000 and $3000) per month with 12 months leases over the past 5 years Unit B has 4 light filled bedrooms spanning 2 levels with 2.5 bathrooms and a large living room. The average monthly rent has been between $2300 and 2600. Both units are leased until 7/24/26. Financial details are available upon request.