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Multifamily Vacant-User

2000 North Broad

2000 N Broad St, Philadelphia, PA 19121

Listing Price: $4,000,000

Cap Rate
5.89%
Number of Units
22
Price/Unit
$181,818
Price/Gross SF
$275.01
Gross SF
14,545

Investment Overview

Marcus & Millichap has been selected as the exclusive advisor to market for sale 2000 North Broad Street in Philadelphia, Pennsylvania (the “Property”). The property is currently configured as two student housing buildings adjacent to Temple University’s main campus with 22 units and 44 beds. The +/- 8,900 square foot historic Brownstown building known historically as the John Stafford Mansion (hereafter “2000 N Broad”) is currently home to the brothers of the Pi Lambda Phi fraternity. It was originally constructed in 1895, features timeless architecture coupled with modern systems and amenities, and is the closest off-campus housing to the University’s campus. The +/- 5,645 square foot modularly constructed apartment building adjacent to 2000 N Broad (hereafter “Stafford Apartments”) currently contains 8 units all configured with identical 2-bed/1-bath layouts. It was constructed in 2014 and is the closest off-campus building featuring apartment style living for Temple Students. The Property’s location on Philadelphia’s iconic Broad Street approximately two miles from Center City will drive its core value and support long-term appreciation. The Property presents to qualified investors the opportunity to acquire 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

  • Apartment Building Constructed in 2014
  • Closest Off-Campus Living to Temple University
  • Excellent Track Record of Occupancy
  • Irreplaceable Historic Architecture (Stafford Mansion)

Exclusively Listed By

Multifamily Vacant-User

2000 North Broad

Listing Price: $4,000,000

Cap Rate
5.89%
Number of Units
22
Price/Unit
$181,818
Price/Gross SF
$275.01
Gross SF
14,545

Investment Highlights

  • Apartment Building Constructed in 2014
  • Closest Off-Campus Living to Temple University
  • Excellent Track Record of Occupancy
  • Irreplaceable Historic Architecture (Stafford Mansion)

Investment Overview

Marcus & Millichap has been selected as the exclusive advisor to market for sale 2000 North Broad Street in Philadelphia, Pennsylvania (the “Property”). The property is currently configured as two student housing buildings adjacent to Temple University’s main campus with 22 units and 44 beds. The +/- 8,900 square foot historic Brownstown building known historically as the John Stafford Mansion (hereafter “2000 N Broad”) is currently home to the brothers of the Pi Lambda Phi fraternity. It was originally constructed in 1895, features timeless architecture coupled with modern systems and amenities, and is the closest off-campus housing to the University’s campus. The +/- 5,645 square foot modularly constructed apartment building adjacent to 2000 N Broad (hereafter “Stafford Apartments”) currently contains 8 units all configured with identical 2-bed/1-bath layouts. It was constructed in 2014 and is the closest off-campus building featuring apartment style living for Temple Students. The Property’s location on Philadelphia’s iconic Broad Street approximately two miles from Center City will drive its core value and support long-term appreciation. The Property presents to qualified investors the opportunity to acquire 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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