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21 units- 7 Multifamily Properties Offered at $4,200,000 in Philadelphia, PA

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INVESTMENT HIGHLIGHTS

  • Temple University Student

EXECUTIVE SUMMARY

Prime Investment Opportunity Portfolio sale $4,200,000 and is open to individual proposal: 7-Building Portfolio Near Temple University An exceptional opportunity awaits with this 7-building portfolio strategically located near Temple University. This meticulously maintained portfolio offers a robust income stream with significant upside potential for investors. Each building in this collection is designed for independent operation, featuring separate utilities including three water meters and six electrical meters across the portfolio. All units are equipped with heat pumps for central heating and air conditioning, along with electric water heaters, ensuring tenant comfort and energy efficiency. For peace of mind and safety, each building also boasts a comprehensive fire alarm system and sprinkler system. The property's current layout offers 6 full bathrooms and 5 kitchens in each building, providing ample amenities for residents. The Use Classification of "Dormitories Living quarters rental license" is current, valid until December 2026 for all six buildings, providing a clear path for continued student or multi-unit rentals. A unique advantage of this portfolio is the 16-foot extension to the rear of the 1226-1232 buildings. This valuable space is currently utilized for parking, accessible via an automatic iron gate on Stiles Street, a highly sought-after amenity in this densely populated area. This portfolio includes the following properties: 1220 (Tax ID: 471166820); 1222 (Tax ID: 471166822); 1224 (Tax ID: 471166824); 1226 (Tax ID: 471166826); 1228 (Tax ID: 471166828); 1230 (Tax ID: 471166830); 1232 (Tax ID: 471166832. Serious inquiries only. All showings require a Proof of Funds (POF) to be submitted prior to scheduling. Don't miss this chance to acquire a significant asset in a prime location.

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

ANNUAL
Gross Rental Income $378,520
Other Income -
Vacancy Loss -
Effective Gross Income $378,520
Taxes $48,048
Operating Expenses $46,140
Total Expenses $94,188
Net Operating Income $284,332

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

Gross Rental Income
Annual $378,520
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $378,520
Taxes
Annual $48,048
Operating Expenses
Annual $46,140
Total Expenses
Annual $94,188
Net Operating Income
Annual $284,332

PROPERTY FACTS

Price $4,200,000
Price / SF $239.81 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 6.86%
Sale Type Investment
Status Active
Number of Properties 7
Individually For Sale 0
Total Building Size 17,514 SF
Total Land Area 0.19 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1222 N Carlisle St, Philadelphia, PA 19121 Multifamily 3,145 SF 2014 -
1228 N Carlisle St, Philadelphia, PA 19121 Multifamily 2,502 SF 2014 -
1220 N Carlisle St, Philadelphia, PA 19121 Multifamily 2,397 SF 2013 -
1224 N Carlisle St, Philadelphia, PA 19121 Multifamily 2,385 SF 2014 -
1226 N Carlisle St, Philadelphia, PA 19121 Multifamily 2,385 SF 2014 -
1232 N Carlisle St, Philadelphia, PA 19121 Multifamily 2,385 SF 2013 -
1230 N Carlisle St, Philadelphia, PA 19121 Multifamily 2,314 SF 2014 -
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  • Listing ID: 36217257

  • Date on Market: 6/11/2025

  • Last Updated:

  • Address: 21 units-, Philadelphia, PA

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