KELLY RALSTEN & PAULA KAMISON

Description

This turnkey investment offers a fully managed portfolio of 69 properties grossing $4.3 million in annual rent, located in the thriving 19121 development zone within 5 blocks of Temple University. With Temple’s freshman enrollment at an all-time high, this portfolio provides a stable, high-performing investment with immediate returns and significant long-term growth potential. Portfolio Highlights: Prime Location: 95% of the portfolio is within Temple University’s campus patrol zone, ensuring safety and convenience for tenants—a key driver for retention and demand. Strong Occupancy: The portfolio's current occupancy rate is 96%, a testament to its quality and desirability. Immediate Cash Flow: Generating $4.3 million in gross annual rent, this investment offers dependable income from day one. Secure Payments: Student housing provides one of the safest rent-collection models, with rent typically secured by parental guarantors. High-Quality Renovations: Many properties have been newly renovated with modern finishes. Over 20 properties feature roof decks, ensuring strong tenant demand and rentability. Equity Growth Potential: Several properties offer value-add opportunities through strategic improvements to further enhance rental income and property value. Attractive Cap Rate: With a Net Operating Income (NOI) of $3.1 million and a $48 million asking price, this portfolio offers a 6.4% cap rate, making it a compelling opportunity for investors seeking strong returns. Why Invest in Temple University Rentals? The Temple University area is experiencing a surge in student population, with a surge in freshman enrollment fueling demand for off-campus housing. Under its new leadership, Temple University is embarking on exciting revitalization projects aimed at enhancing campus infrastructure and surrounding neighborhoods, adding to the area's growth and long-term appeal. This wave of optimism and investment is expected to further strengthen the market, making it an ideal time to secure a foothold in this high-demand area. The 19121 development zone is a hotbed for growth, with nearby infrastructure improvements and rising property values adding to the appeal. This portfolio combines immediate, stable cash flow with opportunities for long-term appreciation. Whether you’re a seasoned investor or new to the student housing sector, this offering delivers unmatched returns and growth potential. Key Financials: Price: $48 million Gross Rent: $4.3 million annually Net Operating Income: $3.1 million Current Occupancy Rate: 97% (Currently 55% rented for the 25/26 lease term beginning August 1s) Cap Rate: 6.4% Student housing near Temple University is one of Philadelphia’s most lucrative and secure investments, making this portfolio a rare and attractive opportunity. Contact us today to learn more or to schedule a discussion about this exceptional offering.

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