For Sale
$950,000

2214 Camac StPhiladelphia, PA 19133

Prime Student Housing, 9.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple, stabilized multifamily investment property in Philadelphia, PA, presents a compelling opportunity. Located at 2214 N Camac St, in the RM1 zone, this three-story, 2021-built building offers 4 units totaling 14 beds across 4,000-4,500 square feet on a 1,394 sq ft lot. Currently boasting 100% occupancy and a strong NOI of $90,229, this property yields a 9.5% cap rate. The asking price is $950,000, or $237,500 per unit. Situated near Temple University, this property benefits from a robust student rental market and proximity to local amenities. The property is located within a Qualified Opportunity Zone, offering potential tax advantages for eligible investors. This is a single building investment with a strong track record and significant upside potential. Financial details are available upon request. This property is for sale by owner.

Highlights

  • $950,000 asking price for a stabilized multifamily investment property.
  • 9.50% cap rate with a $90,229 Net Operating Income (NOI).
  • 100% occupancy across four units totaling 14 beds.
  • Located in Philadelphia, PA, in a Qualified Opportunity Zone (QOZ), near Temple University.
  • Property features three stories, 4,000-4,500 square feet, and sits on a 1,394 sq ft lot.

Property Details for 2214 Camac St

Property type
Dormitories, Student housing
Square Feet
4,000 SF
Class
B
Year Built
2021
Buildings
1
Stories
3
Units
4

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.986360013494
Longitude
-75.153193793386
2214 Camac St, Philadelphia, Pennsylvania

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2214 Camac St
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