UPDATED:
08/25/2024 01:24 PM
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
Originating Board BRIGHT
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 Description
This turn key property is a student housing building situated on Temple University's campus, comprising 15 units with a total of 53 beds. Current housing occupancy rate is over 75%. Originally built in 1912, the 21,205-square-foot building underwent a complete renovation in 2019 and is currently occupied by the Kappa Delta Rho fraternity. The building boasts a combination of timeless architecture and contemporary systems and amenities. Security doors, access control intercom system and security cameras are in place and operational. The building has on-site laundry facilities.
Located on Temple University's campus and along Philadelphia's iconic Broad Street, approximately two miles from Center City, this property is highly desirable and offers great long-term appreciation potential. Qualified investors can take advantage of this opportunity to acquire real estate in an irreplaceable location that showcases exceptional craftsmanship and timeless architecture, while also providing all the modern amenities that today's market demands.
Further information 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 REO (Real Estate Owned)
GET MORE INFORMATION