Homes for sale - 1438 N BROAD ST, Philadelphia, PA 19121

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Allison Schnackenberg

allison@schnackshouse.com +1(856) 354-7398

Listed by William H. Lublin • Century 21 Advantage Gold-Southampton

$ 2,400,000

Est. payment | -/mo

0.27 Acres Lot

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$ 2,400,000

Est. payment | -/mo

Save

0.27 Acres Lot

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

+1(856) 354-7398

allison@schnackshouse.com

17 W Mercant St, Audubon, New Jersey, 08106, USA

1438 N BROAD ST Philadelphia, PA 19121