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1700 Cecil B Moore Avenue Portfolio 2 Multifamily Properties Offered at $4,000,000 in Philadelphia, PA
INVESTMENT HIGHLIGHTS
- Student Housing at the Core Temple University
- Temporary Vacancy Creates Immediate Upside
- Commercial Income Stability
- (3) Six-Bedroom Units Being Converted
- Strong Cap Rate with Growth Potential
EXECUTIVE SUMMARY
The Cecil B. Moore Temple Portfolio presents investors with a rare opportunity to acquire a student-focused multifamily asset situated on the high-traffic Cecil B. Moore Avenue corridor in North Philadelphia, directly adjacent to Temple University. The Portfolio comprises 20 residential units (63 bedrooms) and one ground-floor commercial unit, offering an attractive mix of income stability and long-term upside potential in a supply-constrained student housing submarket.
The current unit mix is comprised predominantly of 3- and 4-bedroom units, which align with student demand for shared living arrangements. Importantly, three of the original six-bedroom units are being strategically converted into modernized three-bedroom layouts to improve rentability, appeal to smaller groups, and reduce tenant turnover and management complexity. This repositioning effort is currently underway and is the primary reason for the temporary 30% residential vacancy, which is expected to normalize upon completion of the conversions and the upcoming leasing cycle.
The current unit mix is comprised predominantly of 3- and 4-bedroom units, which align with student demand for shared living arrangements. Importantly, three of the original six-bedroom units are being strategically converted into modernized three-bedroom layouts to improve rentability, appeal to smaller groups, and reduce tenant turnover and management complexity. This repositioning effort is currently underway and is the primary reason for the temporary 30% residential vacancy, which is expected to normalize upon completion of the conversions and the upcoming leasing cycle.
PROPERTY FACTS
| Price | $4,000,000 | Number of Properties | 2 |
| Price / SF | $176.94 / SF | Individually For Sale | 0 |
| Cap Rate | 8.70% | Total Building Size | 22,607 SF |
| Sale Type | Investment | Total Land Area | 0.21 AC |
| Status | Under Contract |
| Price | $4,000,000 |
| Price / SF | $176.94 / SF |
| Cap Rate | 8.70% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,607 SF |
| Total Land Area | 0.21 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1706-1712 Cecil B Moore Ave, Philadelphia, PA 19121 | Multifamily | 15,407 SF | 2017 | - |
| 1700 Cecil B Moore, Philadelphia, PA 19121 | Multifamily | 7,200 SF | 2019 | - |
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