2246 N 12TH ST Philadelphia, PA 19133

We are proud to present, on behalf of ownership, a 6 unit and 18 bedroom investment opportunity generating significant cash flow in Philadelphia, Pennsylvania. This is a 2 property package sale that includes both 2246 and 2254 N 12th Street. Both properties are also for sale individually and listed on the MLS. Just 2 blocks from Temple University's main campus, the college is experiencing tremendous growth and currently has over 28,000 students at its undergraduate campus. Both triplexes are complete with an ideal unit mix for this market. Over the last decade, a tremendous amount of 5 and 6 bedroom units have been developed in Temple's off-campus housing market. The 2, 3, and 4 bedroom units are extremely attractive to the student population, and that is exactly what these properties provide. Built in 2013 and 2014, both properties are basically brand new construction and contain high-end finishes. Complete with stainless steel appliances, granite countertops, 42 inch cabinets, and hardwood floors throughout, these properties were expertly built and perfect for the needs of this market. Additionally, each unit has its own HVAC system, hot water heater, and separate electric and gas meters. Considering Eric Blumenfeld's pending development projects at the Divine Lorraine and at the intersection of Spring Garden and Broad Street, and seeing Bart Blatstein about to turn the old headquarters of the Philadelphia Inquirer into a boutique hotel, as well as other pending projects along North Broad Street, the connection between Center City and Temple University's campus is about to be solidified. The market factors impacting this area and the smart design of these triplexes make this a killer investment opportunity. An offering memorandum is available to qualified investors. Many expenses are estimated.