2243 N Broad St

10 Unit Apartment Building $2,100,000 ($210,000/Unit) Philadelphia, PA 19132

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

  • Listing ID: 34411685

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 2243 N Broad St, Philadelphia, PA 19132