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- LoopNet Team
1711 N 18th St
Philadelphia, PA 19121
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- New construction with 10 year tax abatement
- Hvac in each apartment
- Upscale finishes, modern new kitchens and dishwashers
- Private laundry in each unit
- Seperately metered
- Favorable bedroom to bathroom ratio
PROPERTY FACTS
| No. Units | 9 | Building Size | 4,372 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | C | Parking Ratio | 0.1/1,000 SF |
| Lot Size | 0.05 AC | ||
| Zoning | RM1 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,372 SF |
| Average Occupancy | 50% |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 0.1/1,000 SF |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
ABOUT 1711 N 18TH ST , PHILADELPHIA, PA 19121
Walnut Realty Group is pleased to present for sale as the exclusive listing brokerage, this exceptional investment opportunity consisting of 9 residential apartments with 36 bedrooms, 28 bathrooms, 3 powder rooms, and 2 parking spaces. This property is situated in a prime location adjacent to Temple University’s main campus in North Philadelphia. Over the past 15 years the university has aggressively expanded its’ footprint while increasing enrollment and upgrading existing buildings and facilities. During this time, the neighborhood surrounding the university has experienced an influx of new development to accommodate the increased need for off-campus apartments. This property is centrally located just off Cecil B. Moore Ave, the area’s main commercial corridor, on a tree-lined residential street among other recent student housing developments. The newly built structure comes fully leased with CO and new 10 year tax abatement in hand. Each apartment includes a well equipped modern kitchen, HVAC, private laundry, and safety features including a camera intercom system, alarm system, and sprinkler system. The floor plan has been methodically designed to cater to the target demographic with spacious bedrooms, private bathrooms, and bi-level layouts. With a diverse unit mix, generous floor plan, attractive finishes, and modern amenities this property presents extremely well. As demand for quality off-campus housing continues to rise, this top notch new development is ideally positioned to accommodate happy renters for years to come.
PROPERTY TAXES
| Parcel Number | 881007053 | Improvements Assessment | $2,632,500 |
| Land Assessment | $292,500 | Total Assessment | $2,925,000 |
PROPERTY TAXES
