Dormitories 21 units Multi-Family FOR SALE


Philadelphia, PA - Avenue Of The Arts North
$4,500,000 USD
215-327-1722
, Philadelphia, PA for Sale
$4,500,000 USD
Multi-Family - FOR SALE
1/38
null | 6.4% Cap Rate

Dormitories 21 units
Philadelphia, PA
Avenue Of The Arts North


HIGHLIGHTS

  • Temple University Student

OVERVIEW

Prime Investment Opportunity: 7-Building Portfolio Near Temple University An exceptional opportunity awaits with this 7-building portfolio strategically located near Temple University. This meticulously maintained portfolio offers a robust income stream with significant upside potential for investors. Each building in this collection is designed for independent operation, featuring separate utilities including three water meters and six electrical meters across the portfolio. All units are equipped with heat pumps for central heating and air conditioning, along with electric water heaters, ensuring tenant comfort and energy efficiency. For peace of mind and safety, each building also boasts a comprehensive fire alarm system and sprinkler system. The property's current layout offers 6 full bathrooms and 5 kitchens in each building, providing ample amenities for residents. The Use Classification of "Dormitories Living quarters rental license" is current, valid until December 2026 for all six buildings, providing a clear path for continued student or multi-unit rentals. A unique advantage of this portfolio is the 16-foot extension to the rear of the 1226-1232 buildings. This valuable space is currently utilized for parking, accessible via an automatic iron gate on Stiles Street, a highly sought-after amenity in this densely populated area. This portfolio includes the following properties: 1220 (Tax ID: 471166820); 1222 (Tax ID: 471166822); 1224 (Tax ID: 471166824); 1226 (Tax ID: 471166826); 1228 (Tax ID: 471166828); 1230 (Tax ID: 471166830); 1232 (Tax ID: 471166832. Serious inquiries only. All showings require a Proof of Funds (POF) to be submitted prior to scheduling. Don't miss this chance to acquire a significant asset in a prime location.

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Paul ChengKeller Williams Cherry HillMore Info
215-327-1722

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Paul ChengKeller Williams Cherry HillMore Info
215-327-1722

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