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Student Housing

Good Food Flats & The Legacy at Powelton Village

4030 Baring St, Philadelphia, PA 19104

Listing Price: Request For Offer

Number of Units
74
Occupancy
96.7%
Gross SF
61,954

Investment Overview

We are pleased to bring to market Good Food Flats and The Legacy at Powelton Village in Philadelphia, Pennsylvania, adjacent to The University of Pennsylvania and Drexel University.

Investment Highlights

  • 74-UNIT | 226-BED | STUDENT HOUSING PORTFOLIO This student housing portfolio includes Good Food Flats (44-units, 176-beds) and The Legacy at Powelton Village (30-units, 50-beds) in Philadelphia, PA.
  • ADJACENT TO TWO GROWING UNIVERSITIES With a combined total enrollment of over 51,000 students, the University of Pennsylvania and Drexel University sit adjacent to both properties.
  • TAX ABATEMENT Good Food Flats has six-years remaining on its original ten-year tax abatement. The Legacy at Powelton Village has five-years remaining on its original ten-year tax abatement.
  • UPSIDE OPPORTUNITY & GROWING MARKET RENTS There is a tremendous amount of upside by upgrading the current amenity package within the units and common areas. The current rents are anywhere between $50 and $200 per unit below market rents.
  • EXCEPTIONAL TENANT AMENITIES Good Food Flats and The Legacy at Powelton Village share amenities such as a resident lounge with pool and ping pong tables, a 24/7 fitness center, a demonstration kitchen, private study pods, a conference room, a patio with grilling and picnic areas, and a rooftop deck.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Student Housing

Good Food Flats & The Legacy at Powelton Village

Listing Price: Request For Offer

Number of Units
74
Occupancy
96.7%
Gross SF
61,954

Investment Highlights

  • 74-UNIT | 226-BED | STUDENT HOUSING PORTFOLIO This student housing portfolio includes Good Food Flats (44-units, 176-beds) and The Legacy at Powelton Village (30-units, 50-beds) in Philadelphia, PA.
  • ADJACENT TO TWO GROWING UNIVERSITIES With a combined total enrollment of over 51,000 students, the University of Pennsylvania and Drexel University sit adjacent to both properties.
  • TAX ABATEMENT Good Food Flats has six-years remaining on its original ten-year tax abatement. The Legacy at Powelton Village has five-years remaining on its original ten-year tax abatement.
  • UPSIDE OPPORTUNITY & GROWING MARKET RENTS There is a tremendous amount of upside by upgrading the current amenity package within the units and common areas. The current rents are anywhere between $50 and $200 per unit below market rents.
  • EXCEPTIONAL TENANT AMENITIES Good Food Flats and The Legacy at Powelton Village share amenities such as a resident lounge with pool and ping pong tables, a 24/7 fitness center, a demonstration kitchen, private study pods, a conference room, a patio with grilling and picnic areas, and a rooftop deck.

Investment Overview

We are pleased to bring to market Good Food Flats and The Legacy at Powelton Village in Philadelphia, Pennsylvania, adjacent to The University of Pennsylvania and Drexel University.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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