USAPAPhiladelphiaNone Available2243 N Broad St

New

$1,980,000

For Sale

4 hours ago

2243 N Broad St, Philadelphia, PA

Name: 2243 N Broad St, For Sale in Philadelphia - eXp Realty
Brand: BHHS Fox &amp; Roach-Center City Walnut
SKU: PAPH2611126
Price: 1980000 USD

House

MLS® PAPH2611126

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes $1,408

Days Active 0

Lot Size

Approx. Age 2023

MLS® Number PAPH2611126

Property Address: 2243 N Broad St, PHILADELPHIA, PA, 19132-4502

Average square foot calculated using Size range provided by listing agent.

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 7.44% cap rate, a rare offering for new construction in today’s market. The property generates $184, 860 in annual gross income, delivering strong and stable in place cash flow with additional upside potential in a rapidly appreciating submarket. 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 washer and dryer, minimizing landlord responsibilities and maximizing operational efficiency. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. 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 strong 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 built in management support and long term growth potential.

MLS® NumberPAPH2611126

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2023

BasementFull

DrivewayOn Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 22, 2026List Date

$1,980,000List Price

Commute

Commute

Starting Address

Destination Address

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