1854 North 16th Street
Fully Leased - Quad-Plex
Marketing description
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional four-unit property offers immediate cash flow with outstanding long-term upside.
Currently generating $71,700 in annual gross rental income, with leases already in place that will increase annual gross rental income to $78,900 beginning August 2026—representing an impressive 10% increase in rental income. This income-producing asset is an outstanding opportunity for investors seeking stable returns, dependable cash flow, and built-in rental growth.
The property consists of four spacious student housing units totaling 11 bedrooms and 7 bathrooms across four full floors of living space:
Unit 1: 2 bed / 1 bath (Lower Level)
Unit 2: 3 bed / 2 bath (First Floor)
Unit 3: 3 bed / 2 bath (Second Floor)
Unit 4: 3 bed / 2 bath (Third Floor)
Located within the Temple University Patrol Zone and just steps from Temple University's main campus, its desirable unit mix, strong in-place cash flow, and significant scheduled rent growth position this asset for continued long-term performance and investor stability.
Investment highlights
- 4-Unit Multifamily Investment Opportunity
- Fully Occupied & Fully Leased Through July 2027
- Annual Gross Rental Income Increasing to $78,900 Beginning August 2026
- 10% Contracted Rental Income Growth Already Secured
- 11 Bedrooms | 7 Bathrooms
- Four Full Floors of Living Space
- Desirable Unit Mix: One 2-Bedroom Unit & Three 3-Bedroom Units
- Strong In-Place Cash Flow with Long-Term Leases Already in Place
- Located within the Temple University Patrol Zone
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