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sales rep | Brivity IDX

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2243 N Broad St , Philadelphia, PA 19132
$1,970,000
Est. Payment: $10,642.28/mo
2718 Sqft
0.06 Acres
Status: active | Days on site: 50
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61039 - 3253917,3290773
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House Description

Philly CRE is pleased to present a premier investment opportunity: a fully occupied, 11-unit mixed-use property built in 2023, ideally located just steps from Temple University’s main campus. Already priced to sell, this asset offers immediate financing upside with a 1.28 DSCR and an exceptional 7.48% cap rate, a rare offering for new construction in today’s market. The property generates $184,860 in annual gross rental income, plus an additional $500 per month ($6,000 annually) in storage income, creating a diversified revenue stream and enhancing overall cash flow. Consistent rental demand is driven by its proximity to both Temple University and Temple University Hospital, attracting a reliable tenant base of students and healthcare professionals. All residential units are leased to PHA tenants with rents secured, providing predictable and low-risk income from day one. The unit mix includes one studio, eight one-bedroom units, and one two-bedroom unit, along with a ground-floor commercial space, creating a diversified and resilient income stream. The property benefits from a ten-year tax abatement with over six years remaining, significantly reducing operating expenses and enhancing overall returns. It has also recently passed reinspection, offering added confidence in the property's condition and compliance. Built with high-end finishes, each unit features spacious layouts, large bedrooms, and select private balconies that enhance tenant appeal and retention. All units are separately metered and equipped with individual mechanical systems, as well as in-unit washers and dryers, minimizing landlord responsibilities and maximizing operational efficiency. Conveniently located near the Broad Street Line and multiple bus routes, the property offers excellent accessibility throughout Philadelphia. Its location within a Qualified Opportunity Zone may also provide additional tax advantages. With high stabilized income, attractive financing metrics, minimal maintenance requirements, and long-term upside, this is a rare opportunity to acquire a high-performing asset in one of Philadelphia’s most active and supply-constrained rental corridors. Take advantage of this exceptional opportunity to secure a turnkey, high-yielding investment with strong in-place cash flow and long-term growth potential.

Highlights

Listed by ERIC Andrew Dvotsky , 2672434652 and Maxim Sirotovsky , 2672433255 BHHS Fox & Roach-Center City Walnut , 2156276005. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.06

Year Built

2023

County

Philadelphia

Area

19132 (19132)

Neighborhood

Temple University

School District

Philadelphia City

Listing ID

PAPH2667556

Questions about this listing?

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:18.00 x 151.00
Zoning:CMX 2.5
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$10,642
Taxes
$117

Home Price

$1,970,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$394,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,642.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,642.28 $117.33 $0.00 $10,759.61
Yearly $127,707.37 $1,408.00 $0.00 $129,115.37
Total $3,831,221.16 $42,240.00 $0.00 $3,873,461.16
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS