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 96%, 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 $3.1 million and a $48 million asking price, this portfolio offers a 6.4% 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: $48 million Gross Rent: $4.3 million annually Net Operating Income: $3.1 million Current Occupancy Rate: 97% (Currently 55% rented for the 25/26 lease term beginning August 1s) Cap Rate: 6.4% 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.
| Status | Withdrawn |
| Price | $48,000,000 |
| Price/Sq | 259.460 |
| Property Type | Single Family / Detached |
| Property Size | 4,297 Sqft |
| Lot Size | 0.04 Acre |
| Courtesy of Keller Williams Realty Devon-Wayne, Michael Coleman | |
| Provided By | BRIGHT |
| Last checked on BRIGHT | 7/15/2025 11:36:05 PM |
| Last Update from BRIGHT | 4/22/2025 1:59:13 AM |
| Tax Amount | 1161.00 |
| Tax Year | 2025 |
| Year built | 2019 |
| Address | 1848 N 16TH STREET |
| City | Philadelphia |
| State | Pennsylvania |
| County | Philadelphia |
| Postal Code | 19121 |
| Directions | USE GPS |
This content last updated on Tuesday, July 15, 2025 11:36 PM from BRIGHT.
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