2243 N Broad St
10 Unit Apartment Building $2,100,000 ($210,000/Unit) Philadelphia, PA 19132
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EXECUTIVE SUMMARY
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.).
PROPERTY FACTS
Price | $2,100,000 |
Price Per Unit | $210,000 |
Sale Type | Investment |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.06 AC |
Building Size | 10,297 SF |
No. Stories | 4 |
Year Built | 2023 |
Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 7 | - | - |
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (83)
PROPERTY TAXES
Parcel Number | 885438820 | Improvements Assessment | $0 |
Land Assessment | $100,600 | Total Assessment | $100,600 |