1438 N BROAD ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID PAPH2232702
Year Built 1912
Annual Tax Amount $8,011
Tax Year 2024
Lot Size 0.268 Acres
Acres 0.27
Lot Dimensions 50.00 x 200.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Looking for an excellent investment opportunity? This turn-key property is a student housing building located adjacent to Temple University's campus, featuring 15 units with a total of 53 beds. The current occupancy rate exceeds 60%, leaving a tremendous upside value add for an ambitious operator. Built in 1912, the 21,205-square-foot building was fully renovated in 2019 and is presently occupied by the Pi Lambda Phi fraternity. It combines timeless architecture with modern systems and amenities. Security doors, an access control intercom system, and security cameras are installed and operational. The building also offers on-site laundry facilities. Situated next to Temple University's campus and along Philadelphia's iconic Broad Street, just about two miles from Center City, this property is highly desirable and offers significant long-term appreciation potential. Qualified investors can seize this opportunity to acquire real estate in an unmatched location that features exceptional craftsmanship and classic architecture, paired with all the modern amenities demanded by today's market. Further information is available upon request.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881427027
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Bank Owned/REO