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Student Housing

1438 North Broad

1438 N Broad St, Philadelphia, PA 19121

Listing Price: $5,625,000

Cap Rate
5.99%
Number of Units
15
Price/Unit
$375,000
Price/Gross SF
$481.22
Gross SF
11,689

Investment Overview

Marcus & Millichap is has been selected as the exclusive advisor to market for sale 1438 North Broad Street (“The Property”), a student housing building on Temple University’s campus which is currently configured as fifteen units with fifty-four beds. The 21,205 square foot building, fully renovated in 2019 and currently home to the brothers of the Kappa Delta Rho fraternity, was originally constructed in 1912 and features timeless architecture coupled with modern systems and amenities. Temple University is quickly becoming one of the top public universities in the United States and has also expanded to Italy and Japan. Temple has the highest-ever score of 90 for “Quality of Life” by the Princeton Review and the Fox School of Business was ranked 48th in the country for its undergraduate programs by U.S. News in their 2017 edition of best colleges. The graduation rate is ranked 20th in the nation. Freshman, which are not required to live on Temple’s 384-acre campus, have a 89% retention rate. The Property’s location on Temple University’s campus and Philadelphia’s iconic Broad Street approximately two miles from Center City drive its core value and will support long-term appreciation. The Property presents to qualified investors the opportunity to require real estate in an irreplaceable location that exhibits timeless architecture and craftsmanship with all of the modern amenities in demand with today’s market.

Investment Highlights

  • Fully Renovated in 2019
  • Located in QOZ
  • 0.27 Acre Lot With Yard/Outdoor Space
  • Irreplaceable Historic Architecture

Exclusively Listed By

Listing Price: $5,625,000

Cap Rate
5.99%
Number of Units
15
Price/Unit
$375,000
Price/Gross SF
$481.22
Gross SF
11,689

Investment Highlights

  • Fully Renovated in 2019
  • Located in QOZ
  • 0.27 Acre Lot With Yard/Outdoor Space
  • Irreplaceable Historic Architecture

Investment Overview

Marcus & Millichap is has been selected as the exclusive advisor to market for sale 1438 North Broad Street (“The Property”), a student housing building on Temple University’s campus which is currently configured as fifteen units with fifty-four beds. The 21,205 square foot building, fully renovated in 2019 and currently home to the brothers of the Kappa Delta Rho fraternity, was originally constructed in 1912 and features timeless architecture coupled with modern systems and amenities. Temple University is quickly becoming one of the top public universities in the United States and has also expanded to Italy and Japan. Temple has the highest-ever score of 90 for “Quality of Life” by the Princeton Review and the Fox School of Business was ranked 48th in the country for its undergraduate programs by U.S. News in their 2017 edition of best colleges. The graduation rate is ranked 20th in the nation. Freshman, which are not required to live on Temple’s 384-acre campus, have a 89% retention rate. The Property’s location on Temple University’s campus and Philadelphia’s iconic Broad Street approximately two miles from Center City drive its core value and will support long-term appreciation. The Property presents to qualified investors the opportunity to require real estate in an irreplaceable location that exhibits timeless architecture and craftsmanship with all of the modern amenities in demand with today’s market.

Exclusively Listed By

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