Investment Overview

Marcus & Millichap is pleased to extend to qualified investors the opportunity to acquire 2134 N 18th Street- a 3 unit property located in North West Philadelphia. Property has a pending real estate tax abatement offering low property taxes. Built in 2023, Property is walking distance to Temple University and 1 mile away from a planned major development for the North Broad Street Station. A project to redevelop existing parcels into a mixed-use of up to 4 million square feet. The project will stimulate redevelopment in the area, and will be a catalyst for the expansion and upgrading of Temple’s medical complex. The Property presents the unique opportunity to acquire a multi-family investment asset with significant upside potential located near Temple University with high demand for student housing. The Property is perfectly positioned in the market as a convenient and an affordable option for undergraduate/graduate students and young professional renters as rates in near-by neighborhoods continue to increase dramatically year-over-year. All units include top of the line finishes and features that have created significant leasing demand, allowing for minimal vacancy and a high quality tenant base. The unit mix consists of two (2) two bedroom units, and one (1) three bedroom unit. The Property is strategically positioned in close proximity to major universities and hospitals allowing for a diverse tenant base of students and young professionals.