1848 N 16TH STREET

PHILADELPHIA, PA 19121

This turnkey investment offers a fully managed portfolio of 69 properties grossing $4.3 million in annual rent, located in the thriving 19121 development zone within 5 blocks of Temple University. With Temple’s freshman enrollment at an all-time high, this portfolio provides a stable, high-performing investment with immediate returns and significant long-term growth potential. Portfolio Highlights: Prime Location: 95% of the portfolio is within Temple University’s campus patrol zone, ensuring safety and convenience for tenants—a key driver for retention and demand. Strong Occupancy: The portfolio's current occupancy rate is 97%, a testament to its quality and desirability. Immediate Cash Flow: Generating $4.3 million in gross annual rent, this investment offers dependable income from day one. Secure Payments: Student housing provides one of the safest rent-collection models, with rent typically secured by parental guarantors. High-Quality Renovations: Many properties have been newly renovated with modern finishes. Over 20 properties feature roof decks, ensuring strong tenant demand and rentability. Equity Growth Potential: Several properties offer value-add opportunities through strategic improvements to further enhance rental income and property value. Attractive Cap Rate: With a Net Operating Income (NOI) of $3.2 million and a $50 million asking price, this portfolio offers a 6.3% cap rate, making it a compelling opportunity for investors seeking strong returns. Why Invest in Temple University Rentals? The Temple University area is experiencing a surge in student population, with a surge in freshman enrollment fueling demand for off-campus housing. Under its new leadership, Temple University is embarking on exciting revitalization projects aimed at enhancing campus infrastructure and surrounding neighborhoods, adding to the area's growth and long-term appeal. This wave of optimism and investment is expected to further strengthen the market, making it an ideal time to secure a foothold in this high-demand area. The 19121 development zone is a hotbed for growth, with nearby infrastructure improvements and rising property values adding to the appeal. This portfolio combines immediate, stable cash flow with opportunities for long-term appreciation. Whether you’re a seasoned investor or new to the student housing sector, this offering delivers unmatched returns and growth potential. Key Financials: Price: $48 million Gross Rent: $4.3 million annually Net Operating Income: $3.1 million Current Occupancy Rate: 97% (Currently 75% rented for the 25/26 lease term beginning August 1s) Cap Rate: 6.4% Student housing near Temple University is one of Philadelphia’s most lucrative and secure investments, making this portfolio a rare and attractive opportunity. Contact us today to learn more or to schedule a discussion about this exceptional offering.

Listing courtesy of Keller Williams Realty Devon-Wayne



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.