Mixed Use Mutli Tenant Building

Description:

2301-03 N. Broad St. (12 Apts., 2 office/retail spaces, 2 garages) Just 2 blocks from Temple's Main Campus. This is a 100% occupied asset. The building was rehabbed in 2006-2007, has been well maintained since, and is in great shape. 8 two bedroom apts., 4 one bedroom apts., 2907 sq.ft. of 1st floor commercial (rented to a long term credit tenant); one basement commercial space, plus 2 large contractor's garages; The building has been 100% occupied at all times during the past 13 years. Plus additional income potential - another commercial space could easily be added to the basement. Up to 3-5 more apartments can be added to rear of property. (i.e. instead of the garages). The building features: separately metered utilities for all apts, & the 2 commercial spaces; main lobby w/mailboxes and a 4 stop elevator; front and rear stairwells; fire sprinkler system t/o; centrally monitored smoke & fire alarm system; fully wired for phone, internet & cable TV; a surveillance camera system; plus 3 coin-laundry Building is already fully leased for the 2019-2020 school year. All leases and security deposits will be transfer to buyer at closing. Main commercial space is on a triple net lease at $18.60 per foot, plus 25% of building CAM. Domain name and website to be transferred to buyer at closing. Seller can provide buyer with Phase 1 environmental from approx 2006.


sale