Tina Poss
Office: 301.698.3232
Cell: 301.514.4233
1848 N 16th St, PHILADELPHIA
$45,000,000
0 Beds
0 Baths
185,000 Sqft
.04 Acres
0 Garages
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 6.8% 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: $45 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: 6.8%
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.
Essential Information
MLS® #PAPH2428992
Price$45,000,000
Bathrooms0.00
Square Footage185,000
Acres0.04
Year Built2019
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusActive
Community Information
Address1848 N 16th St
Area19121
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
MunicipalityPHILADELPHIA
Zip Code19121
Interior
HeatingForced Air
CoolingCentral A/C
School Information
DistrictPHILADELPHIA CITY
Additional Information
ZoningRM1
Listing Details
Office Contact(610) 647-8300
Office
Keller Williams Realty Devon-Wayne
Property History
Price Reduced from $48,000,000 to $45,000,000
Price Reduced from $50,000,000 to $48,000,000
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Listing information last updated on March 26th, 2025 at 2:03am EDT.
