OFFERMARKET PORTFOLIO DEAL -- Confidential, not for redistribution.
Deal Overview:
- Rental type: off-campus student housing
- Current tenants: student athletes of East Stroudsburg University
- Lease terms:
- $3,200/month (leased for 2021-22 school year)
- Effective rate per room: $640/month
- 12 month
- Guaranteed by parent co-signers
- Property management fee: 5% of monthly rental income
- Notes: typically half of students pay up-front for the year
- Home Inspection Report (3-17-2021)
- Rental Property Calculator
East Stroudsburg University:
2019 Renovation:
- Condition: turnkey
- Rehab investment: $104,000
- New roof
- New electrical
- New PEX plumbing
- New wood floors
- New windows
- New bathrooms
- New kitchen
- granite countertops
- stainless appliances
- Off-street parking for up to 8 cars
