REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Jul

Wed

Jul

Thu

Jul

Tonia Falkowski

[email protected] +1(443) 510-0383

Listed by Ryan J McManus • Keller Williams Liberty Place

$ 3,585,000

Est. payment -/mo

Save

New

807-15 W NORRIS ST Philadelphia, PA 19122

21,115 SqFt

UPDATED:

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

Tonia Falkowski

Advisor | License ID: 659530

+1(443) 510-0383

GET MORE INFORMATION