518 W Biddle Street

Description

Fresh Price! Here is your rare and a much sought after opportunity to own a turn key STUDENT RENTAL investment property. Unique location in quiet, established and pedestrian friendly residential Borough neighborhood yet walkable to campus, downtown and other area amenities. All units are fully leased/rented with parental guarantees for this and the next school year. Never a vacancy in any lease term during 19 years of ownership except for short Landlord chosen renovation time periods to enhance building value. Rents are below market with value add potential with normal yearly increases or much more with minimal improvements, parking and storage fees. Tenant's pay all utilities including electric, heat, hot water, water, sewer and trash. Private off street parking in parking lot and plenty of on street neighborhood parking. 4 of 5 units have student rental permits in place. All units are well maintained and include two 2 bedroom units, two 3 bedroom units and one 4 bedroom unit(this unit does not have a student rental permit but is ideal for an owner occupant or non-student rental). Convenient front and rear common entrances along with secure individual unit private entrances. 4 bedroom unit has separate side entrance. Solid standalone block, brick and stucco construction. Two on site coin operated laundry facilities and tenant storage areas. Recent upgrades to parking lot, heating system and some appliances. " Don't delay! Multiple offers expected! Ideal turnkey property for both first time or experienced investor. For comparable sales see 513 S High St PACT2040624 and 300-302 W Barnard PACT2020922. See also PACT2041164. See also PACT2041300 , PACT2041296, PACT2041292, PACT2041252, PACT2044198 and PACT2044206.