1700 Cecil B Moore Avenue Portfolio Multi-Family FOR SALE


Philadelphia, PA - North Philadelphia West
$4,000,000 USD
215-454-2879
, Philadelphia, PA for Sale
$4,000,000 USD
Multi-Family - FOR SALE
1/6
null | 8.7% Cap Rate

1700 Cecil B Moore Avenue Portfolio
Philadelphia, PA
North Philadelphia West


HIGHLIGHTS

  • Student Housing at the Core Temple University
  • (3) Six-Bedroom Units Being Converted
  • Temporary Vacancy Creates Immediate Upside
  • Strong Cap Rate with Growth Potential
  • Commercial Income Stability

OVERVIEW

The Cecil B. Moore Temple Portfolio presents investors with a rare opportunity to acquire a student-focused multifamily asset situated on the high-traffic Cecil B. Moore Avenue corridor in North Philadelphia, directly adjacent to Temple University. The Portfolio comprises 20 residential units (63 bedrooms) and one ground-floor commercial unit, offering an attractive mix of income stability and long-term upside potential in a supply-constrained student housing submarket. The current unit mix is comprised predominantly of 3- and 4-bedroom units, which align with student demand for shared living arrangements. Importantly, three of the original six-bedroom units are being strategically converted into modernized three-bedroom layouts to improve rentability, appeal to smaller groups, and reduce tenant turnover and management complexity. This repositioning effort is currently underway and is the primary reason for the temporary 30% residential vacancy, which is expected to normalize upon completion of the conversions and the upcoming leasing cycle.

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215-454-2879

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215-454-2879

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