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PRICE $1,550,000 SIZE 2,500 sqft LOT SIZE 2,614 sqft Request More Info Schedule a Showing

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, just steps from Temple University's main campus and minutes from the expanding energy of North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed, featuring a highly desirable unit mix: four (4) 2-bedroom, 2-bath units, one (1) 3-bedroom, 3.5-bath unit, and one (1) spacious 4-bedroom, 4-bath residence with private backyard access. All units offer contemporary finishes, in-unit laundry, and open-concept layouts designed to cater to both Temple's student population and young professionals, supporting consistent occupancy and strong in-place cash flow. With current rents below projected market levels, there is clear upside through lease turnover, renewals, and strategic rent increases. Financially, the asset presents a compelling profile with in-place income of approximately $140,580 and a pro forma projection of $145,800, while maintaining a low expense ratio of roughly 23%. Approximately 3 years remain on the original 10-year tax abatement, which began in 2019, providing continued near-term expense relief and enhancing cash flow over the remaining abatement period. From a macro perspective, the location continues to benefit from Temple University's ongoing campus investment, steady redevelopment along the North Broad corridor, and the continued northward momentum of Fishtown and Northern Liberties. This convergence has driven increased investor demand, rising rental rates, and long-term appreciation across the surrounding neighborhoods. Additionally, the property's placement within a Qualified Opportunity Zone offers potential tax advantages for investors seeking to maximize after-tax returns. Whether acquired as a standalone investment or as part of a larger portfolio, this is a rare opportunity to secure a newer-construction, income-producing asset with immediate stability and long-term upside in one of Philadelphia's most dynamic growth corridors.