807-15 W NORRIS ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19122
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,115 sqft
Price per Sqft $169
Subdivision Temple University
MLS Listing ID PAPH2518722
Year Built 2017
Annual Tax Amount $2,656
Tax Year 2024
Lot Size 993 Sqft
Acres 0.02
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Introducing the Temple Nest Portfolio West Norris Package — oceanfront property for Temple University, the largest university in Philadelphia, Pennsylvania by enrollment. Offered at a substantial discount to replacement costs, this cash-flowing real estate portfolio of 5 buildings / 15 units / ±21,115 SF presents an optimal acquisition for the student-housing sector — one of the most resilient asset classes in the industry. These furnished student-housing apartments have maintained high historical occupancy due to their convenient proximity to campus, name recognition, concentrated location (ease of management and leasing) and professional ownership/management performance. The Temple Nest Portfolio (TOTAL PORTFOLIO) includes twenty-six (26) buildings with 100 units and 288 beds. The Packages (15th, Carlisle, Norris) can be sold individually. The Temple Nest Portfolio is widely considered the preeminent off-campus student-housing operation at Temple University, featuring superior walkability to Main Campus. It's a turnkey real estate portfolio insulated by a resilient asset class (Division 1 student housing) in a Top-10 USA MSA with a high-growth trajectory. With newly minted President John Fry at the helm of Temple's renaissance, the North Broad campus is poised to experience monumental transformation over the next decade plus, as evidenced by the growth of Drexel University under Fry's tenure — billions of dollars of active stage real estate developments provide the proof of what's to come at Temple. The time is now to invest — as the old adage goes — "make your money on the buy." The Owls are a local Philly favorite for their performance in athletics and The Temple Nest Portfolio represents the best of Temple University's student-housing properties. Enquire within for pro forma financials, floorplans and full property list.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Hardwood
Heat Source Natural Gas
Exterior
Water Access N
View City
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 201075130
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard