Value-Add Student Housing
For Sale
Contact for pricing
Pending
1544 Willington St, Philadelphia, PA 19121
Built in 2014 and fully leased, with an unfinished basement space that may be converted for additional room income.
Property SizeContact for details
Days on Market125
Property Features for 1544 Willington St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
Alpha Realty Advisors (ARA)
Listed By:
Gene Zlotnikov · License #PA RS319486
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 11 at 9:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alpha Realty Advisors (ARA)
Investment Insights
Based on property information with market context.
This value-add multifamily property was built ground up in 2014 and is currently fully leased. The existing leases run from August 2019 through August 2020. The property also has approximately five years remaining on its tax abatement.
In addition to the current leased configuration, there is a large unfinished space in the basement that can be converted to an additional room to help increase potential revenue. The property is located in the Temple U off-campus housing area of Philadelphia, PA.
In addition to the current leased configuration, there is a large unfinished space in the basement that can be converted to an additional room to help increase potential revenue. The property is located in the Temple U off-campus housing area of Philadelphia, PA.
Key Highlights
- Built in 2014 and currently fully leased for $6,700/month
- Leases run from August 2019 through August 2020
- 5 years remaining on the tax abatement
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2014 and fully leased, with an unfinished basement space that may be converted for additional room income.
Where is this multifamily property located?
The property is located at 1544 Willington St Philadelphia, PA.
What are key features of this property?
This property features: Built in 2014 and currently fully leased for $6,700/month; Leases run from August 2019 through August 2020; 5 years remaining on the tax abatement
