2311 N Park Ave, Philadelphia, PA 19132

Overview

Ten Bedrooms spaced over 4 floors / levels. The perfect property for an Airbnb or long term Rental Business, a large / extended family , or someone looking for a property in close proximity to a University for student rentals. Section 8 by contrast would still yield around $56K annually if a more automated approach is desired. This property can be utilized by an individual or extended family with 3 separate units, 3 kitchens and 10 bedrooms spanning 4 floors , for generational wealth building / living. Setting property up for Airbnb throughout the property at just a $30 nightly rate would yield $9K monthly or $108K per annum. Of course , this would yield a very strong cap rate but would be very work intensive . The property often rents at a rate between $88 and $188 nightly when utilized for short term rentals . Alternatively, the property is also located in EXTREMELY close proximity to Temple University If long-term, less work-intensive rentals are preferred, the property can be rented with a range of $550- 750 / room. A blended average of $650/ room would yield $84K / year. This would also yield a VERY strong cap rate. Favorite Comp : $175 M Charles Library of Temple University: located just two blocks away on the same street. Park Avenue becomes Liacouras Walk in two blocks when it runs into Temple University and becomes walking only. Often rented between $88 and $188 / night / room. Can be converted to long term rental. Property is in close proximity / easy walking distance to amazing entertainment options . Perfectly located for a Sorority or Fraternity House - endless possibilities for property this size in close proximity to a university . Selling as a single male- far too much space for one person. Kindly text first if Interested in discussing.