1. Pennsylvania
2. Philadelphia
3. 807-15 W NORRIS ST

807-15 W NORRIS ST, Philadelphia, PA 19122

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.

Listing Status:

Active

Listing Office:

Keller Williams Liberty Place : 6093995454

Listing Agent:

Ryan J McManus : 6106061095

MLS ID:

PAPH2518722

Interior

• Flooring: Hardwood
• A/C: Central A/C
• Heating: CentralNatural Gas
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Ryan J McManus, Keller Williams Liberty Place