Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2018
Sq.Footage
N/A
Philly CRE Advisors is pleased to present a strong, stabilized investment opportunity in one of Philadelphia’s most active and rapidly transforming submarkets. Built in 2019, this modern six unit multifamily property combines durable new construction with reliable in place income, ideally positioned just steps from Temple University’s main campus and minutes from the continued growth along North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed, offering a highly desirable unit mix that includes four two bedroom two bathroom units, one three bedroom three and a half bathroom unit, and one expansive four bedroom four bathroom residence with private backyard access. Each unit is thoughtfully designed with contemporary finishes, open concept layouts, and in unit laundry, catering to both Temple’s student population and young professionals while supporting consistent occupancy and strong rental performance. Current rents remain below projected market levels, presenting a clear value add opportunity through lease turnover, renewals, and strategic rent increases. The asset currently generates approximately $140,580 in annual income with a projected pro forma of $145,800, all while maintaining an efficient expense ratio of approximately 23%. Additionally, there are approximately three years remaining on the original ten year tax abatement, providing meaningful near term expense savings and enhanced cash flow. From a broader market perspective, the location continues to benefit from Temple University’s ongoing campus expansion, sustained redevelopment along the North Broad corridor, and the continued momentum of nearby Fishtown and Northern Liberties. This convergence has driven increased investor demand, rising rental rates, and long term appreciation across the surrounding neighborhoods. The property is also located within a Qualified Opportunity Zone, offering potential tax advantages for investors seeking to maximize after tax returns. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Capitalize on this exceptional opportunity to acquire a turnkey, high-yield investment offering built-in management support and strong long-term growth potential.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,550,000
-
Tax Amount
$1,295
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
168
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of ERIC Andrew Dvotsky , BHHS Fox & Roach-Center City Walnut
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AGENT
Sierra Carter
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