2243 N Broad St - Apartments FOR SALE


Philadelphia, PA 19132- Avenue Of The Arts North
$2,100,000 USD
2243 N Broad St, Philadelphia, PA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

2243 N Broad St
Philadelphia, PA 19132
Avenue Of The Arts North


OVERVIEW

Amazing investment opportunity. This recently constructed, fully occupied 11-unit mixed-use property, built in 2020, is situated in the highly sought-after neighborhood of Philadelphia. Just a short walk from the main campus of Temple University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors, and includes approximately nine years remaining on the tax abatement. The unit mix includes one (1) studio unit, eight (8) one-bedroom units, and one (1) two-bedroom unit plus a ground-floor commercial unit. Don’t miss this rare opportunity to own a high-performing mixed-use property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Nine property portfolio, can be purchased individually or as a full / partial portfolio (2243 N. Broad St., 2207 N. Broad St., 1730 Ridge Ave., 1230 N Marshall St., 1520 N. 7th St., 1805 N. 6th St., 1917 N. 7th St., 2010 N. 8th St., 1540 W. Tioga St.).

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

10

PRICE/UNIT

$210,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,504 SF

ZONING

-

APN/PARCEL ID

885438820

ASK ABOUT THIS PROPERTY

Mike McCannKeller Williams EmpowerMore Info

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