1534 N 16th St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$6,999,999 USD
610-606-1095
1534 N 16th St, Philadelphia, PA for Sale
$6,999,999 USD
Apartments - FOR SALE
1/33
null | 7.7% Cap Rate

1534 N 16th St
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • BRAND NEW FURNISHED BUILDING
  • ACCESS TO TEMPLE UNIVERSITY MAIN CAMPUS
  • PERENNIAL RENTAL DEMAND

OVERVIEW

PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.

FOR SALE DETAILS

PRICE

$6,999,999 USD

PRICE/SF

$331 USD /SF

# OF UNITS

28

PRICE/UNIT

$250,000

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OWL'S NEST @ TEMPLE UNIVERSITY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM1

APN/PARCEL ID

881146641

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.