MARLA SCHECHTER

Description

Strategically positioned along the North Broad corridor at Temple University's Main Campus, 1310 North Broad stands tall above the rest, from the inside out. The 22-unit building was constructed in 2019 by Tester Construction Group, Philadelphia's leading GC. The 5-storey structure spans street-to-street lot coverage with south-facing private balconies for tenants’ outdoor enjoyment, brining the outside in. Tremendous curb appeal (designed by standout local firm KJO Architecture) is evident from the streetscape. Loaded with functionality, spatial quality, privacy and beautiful interior finishes, 1310 Broad is positioned to capture rental demand from both Temple University and the North Broad/Francisville submarkets — 3 of Philly's most "in-demand" locations. Offered at replacement cost (land value plus cost to develop), 1310 North Broad represents a strategic acquisition opportunity to purchase prime multifamily real estate at Philadelphia's largest university (by enrollment), in a Top-10 USA MSA. As a professionally managed and maintained asset, 1310 North Broad provides tangible rental upside for new Ownership — approx. 30% based on in-place rents and commercial vacancy. The Property soars above the iconic North Broad Street, well known for its history and vibrancy, Septa subway line, and connectivity between Temple University and Center City Philadelphia (Downtown Philly). 1310 North Broad is surrounded by amenities up and down Broad Street, with all of the main campus attractions, facilities, academic and athletic buildings, restaurants and more within arm's reach. Mega Supply Pro designed and delivered exceptional fit + finish kits, including custom kitchen cabinets with stainless steel Whirlpool appliances, hardwood flooring, recessed ceiling lights, backsplash tile, and natural stone countertops — as well as top of the line plumbing fixtures for the bathrooms, such as TOTO toilets, and matte black fixtures and matching accessories from Delta and Pfister. Bathroom interiors are designed with chic glossy white tile and natural wood transitional vanities. A panoramic full floor rooftop terrace (common use for tenants) adorns the property with sweeping views of the Philly skyline in every direction. Elevator access provides easy moving accommodations. The Property boasts a full 10-year tax abatement through 2031, further minimizing the OPEX statement. Enquire within for financial breakdown. Enquire within about the ±3100+ SF QOZ multifamily development site also available for sale, directly in the rear of 1310 Broad, zoned for 14 units — which can also accomodate paved parking in the short-term for 1310 Broad as an added amenity.

Features