588-Bedrooom Student Housing Portfolio FOR SALE


Philadelphia, PA - Avenue Of The Arts North
$42,000,000 USD
215-454-2879
, Philadelphia, PA for Sale
$42,000,000 USD
FOR SALE
1/32
null | 7% Cap Rate

588-Bedrooom Student Housing Portfolio
Philadelphia, PA
Avenue Of The Arts North


HIGHLIGHTS

  • Significant Scale A substantial portfolio encompassing 69 individual parcels, 185 residential units, and a total of 588 bedrooms, offering immediate s
  • Prime University Location All properties are strategically positioned within walking distance to Temple University's main campus, placing them in the
  • Strong Financial Profile The Portfolio is offered representing an attractive 7% pro forma capitalization rate based on a projected Net Operating Inco
  • Diverse Unit Configuration: The Portfolio features a wide range of unit types from one-bedroom units to ten-bedroom units
  • Transit-Oriented The properties boast excellent accessibility to a variety of public transportation options provided by SEPTA, including bus routes,
  • Tax Abatement Benefits A significant number of properties within the Portfolio may benefit from existing 10-year real estate tax abatements; Status a

OVERVIEW

The Portfolio consists of 69 individual parcels, featuring 185 units and a total of 588 bedrooms. The Properties in the Portfolio are strategically situated in the primary off-campus housing market serving Temple University, an institution with a significant student enrollment. This location offers students convenient access to campus facilities, as well as multiple SEPTA public transportation options, including subway lines, regional rail, and numerous bus routes. The area is well-connected by major roadways including Broad Street (Route 611) and is in close proximity to Interstate 95 and Interstate 76. The Student Housing Portfolio presents a compelling investment opportunity to acquire a scaled student housing portfolio with a strong in-place income and a significant footprint in a resilient and growing academic submarket. New ownership will benefit from the consistent demand driven by Temple University, the diverse unit mix catering to student needs, and the potential for continued rental growth.

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215-454-2879

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215-454-2879

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