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House
·
for sale
USD 1,970,000
2243 N Broad Street
Northern Liberties
· 10 Bedrooms · House
Northern Liberties · 10 Bedrooms · House
Philly CRE is pleased to present a premier investment opportunity: a fully occupied, 11-unit mixed-use property built in 2023, ideally located just steps from Temple Universitys main campus. Already priced to sell, this asset offers immediate financing upside with a 1.28 DSCR and an exceptional 7.48% cap rate, a rare offering for new construction in todays market. The property generates $184,860 in annual gross rental income, plus an additional $500 per month ($6,000 annually) in storage income, creating a diversified revenue stream and enhancing overall cash flow. Consistent rental demand is driven by its proximity to both Temple University and Temple University Hospital, attracting a reliable tenant base of students and healthcare professionals. All residential units are leased to PHA tenants with rents secured, providing predictable and low-risk income from day one. The unit mix includes one studio, eight one-bedroom units, and one two-bedroom unit, along with a ground-floor commerc
Philly CRE is pleased to present a premier investment opportunity: a fully occupied, 11-unit mixed-use property built in 2023, ideally located just steps from Temple Universitys main campus. Already priced to sell, this asset offers immediate financing upside with a 1.28 DSCR and an exceptional 7.48% cap rate, a rare offering for new construction in todays market. The property generates $184,860 in annual gross rental income, plus an additional $500 per month ($6,000 annually) in storage income, creating a diversified revenue stream and enhancing overall cash flow. Consistent rental demand is driven by its proximity to both Temple University and Temple University Hospital, attracting a reliable tenant base of students and healthcare professionals. All residential units are leased to PHA tenants with rents secured, providing predictable and low-risk income from day one. The unit mix includes one studio, eight one-bedroom units, and one two-bedroom unit, along with a ground-floor commerc
USD 1,970,000