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… Read More 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, 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. Capitalize on this exceptional opportunity to acquire a turnkey, high-yield investment with strong in-place cash flow and long-term appreciation potential. Read Less
Courtesy of ERIC Andrew Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005
Listing Snapshot
Days Online
30
Last Updated
Property Type
Commercial
Square Ft.
7,180
Lot Size
0.06 Acres
Year Built
2018
MLS Number
PAPH2669066
Additional Details
Building
Built in 2018, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Heating
Central
Income
Gross Income: $140,580, Net Operating Income: $115,891
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.