Description
This turnkey investment offers a fully managed portfolio of 69 properties grossing $4.3 million in annual rent, located in the thriving 19121 development zone within 5 blocks of temple university. with temple’s freshman enrollment at an all-time high, this portfolio provides a stable, high-performing investment with immediate returns and significant long-term growth potential.
portfolio highlights:
prime location: 95% of the portfolio is within temple university’s campus patrol zone, ensuring safety and convenience for tenants—a key driver for retention and demand.
strong occupancy: the portfolio's current occupancy rate is 96%, a testament to its quality and desirability.
immediate cash flow: generating $4.3 million in gross annual rent, this investment offers dependable income from day one.
secure payments: student housing provides one of the safest rent-collection models, with rent typically secured by parental guarantors.
high-quality renovations: many properties have been newly renovated with modern finishes. over 20 properties feature roof decks, ensuring strong tenant demand and rentability.
equity growth potential: several properties offer value-add opportunities through strategic improvements to further enhance rental income and property value.
attractive cap rate: with a net operating income (noi) of $3.2 million and a $50 million asking price, this portfolio offers a 6.4% cap rate, making it a compelling opportunity for investors seeking strong returns.
why invest in temple university rentals?
the temple university area is experiencing a surge in student population, with a surge in freshman enrollment fueling demand for off-campus housing. under its new leadership, temple university is embarking on exciting revitalization projects aimed at enhancing campus infrastructure and surrounding neighborhoods, adding to the area's growth and long-term appeal. this wave of optimism and investment is expected to further strengthen the market, making it an ideal time to secure a foothold in this high-demand area.
the 19121 development zone is a hotbed for growth, with nearby infrastructure improvements and rising property values adding to the appeal.
this portfolio combines immediate, stable cash flow with opportunities for long-term appreciation. whether you’re a seasoned investor or new to the student housing sector, this offering delivers unmatched returns and growth potential.
key financials:
price: $50 million
gross rent: $4.3 million annually
net operating income: $3.1 million
current occupancy rate: 96% (currently 55% rented for the 25/26 lease term beginning august 1s)
cap rate: 6.3%
student housing near temple university is one of philadelphia’s most lucrative and secure investments, making this portfolio a rare and attractive opportunity.
contact us today to learn more or to schedule a discussion about this exceptional offering.
Property Type
Multi-FamilyCounty
PHILADELPHIAStyle
ContemporaryAD ID
48117569
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Roof : Flat
- Basement Description: Fully Finished
Roofing Information
- Flat
Heating & Cooling
- Cooling: Central A/C
- Heating: Forced Air
- Cooling Fuel: Electric
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Year Built: 2019
- Structure: Interior Row/Townhouse
- New Construction: No
- Total Units: 3
- Built: 2019
- Construction Material: Masonry
- Roof: Flat
- Foundation/Basement: Block
- Architecture: Contemporary
- Pool/Private: No Pool
- Roof Type: Flat
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 1,560
- Dimensions: 16.00 x 98.00
- Lot Size (Acres): 0.04
- Architectural Style: Contemporary
- Main Square Feet: 1,560
Property Information
- SQ ft: 4,297
- SQ ft (Living Area): 4,297
- Total Lot SQ ft: 1,560
- Appx. Lot Dimensions: 16.00 x 98.00
- Total Acreage: 0.04
- New Construction: No
- Type: Contemporary
-
Listing Information
Listing Information
- Possession: Subject to Existing Lease
- Days Of Market: 1
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Taxes / Assessments
Tax Information
- Annual Tax: $1,161
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Subject to Existing Lease
Assessment Information
- Taxes Assessment Amount: $83,000
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: On Street
Multi-Unit Information
- Roof: Flat
Homeowners Association Information
- Direction: USE GPS
-
School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Electric
- Hot Water: Electric
Location Information
- Direction: USE GPS
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BuyOwner last updated this listing 12/22/2024 @ 00:18
- MLS: PAPH2429090
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 4,297 sqft, 1,560 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19121, this PHILADELPHIA County Other and are nearby neighborhoods.