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Philadelphia,PA 19121
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 100,000 sqft
Price per Sqft $239
MLS Listing ID PAPH2489634
Style Unit/Flat
Year Built 2018
Annual Tax Amount $3,171
Tax Year 2024
Lot Size 1,377 Sqft
Property Sub-Type Other
Property Description
Introducing the Temple Nest Portfolio — oceanfront property for Temple University, the largest university in Philadelphia, Pennsylvania by enrollment. Offered at a substantial discount to replacement costs, this cash-flowing real estate portfolio presents an optimal acquisition for the student-housing sector — one of the most resilient asset classes in the industry. These furnished student-housing apartments have maintained high historical occupancy due to their convenient proximity to campus, name recognition, concentrated location (ease of management and leasing) and professional ownership/management performance. The Temple Nest Portfolio includes twenty-six (26) buildings with 100 units and 288 beds. The Temple Nest Portfolio is widely considered the preeminent off-campus student-housing operation at Temple University, featuring superior walkability to Main Campus. It's a turnkey real estate portfolio insulated by a resilient asset class (Division 1 student housing) in a Top-10 USA MSA with a high-growth trajectory. With newly minted President John Fry at the helm of Temple's renaissance, the North Broad campus is poised to experience monumental transformation over the next decade plus, as evidenced by the growth of Drexel University under Fry's tenure — billions of dollars of active stage real estate developments provide the proof of what's to come at Temple. The time is now to invest — as the old adage goes — "make your money on the buy." The Owls are a local Philly favorite for their performance in athletics and The Temple Nest Portfolio represents the best of Temple University's student-housing properties. Enquire within for pro forma financials, floorplans and full property list.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Hardwood
Exterior
Water Access N
View City
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Special Listing Condition Standard