3401 N 19th Street

Philadelphia, PA 19140

Shovel-ready Multifamily Development opportunity in Philadelphia, Pennsylvania. Plans and permits are on hand to build 57 apartments (optimally designed 1+2-bedroom layouts) plus parking, located in a surging submarket experiencing extreme rental demand for high quality housingTemple Medical/Health Sciences Campus. Anchored by the major healthcare system along North Broad, the Temple Medical area is starving for new construction apartments to meet the demand from employees and students. Prospective renters in nearby properties are waitlisted because there is simply not enough multifamily housing supplied in this submarket. This opportunity presents an economical construction schedule given that it's a series of nine (9) properties (6+7-unit buildings) to be developed (simultaneously or individually) along 19th St @ Ontario Street. The heart of campus is a short walk directly due east along Ontario Street from 19th Street. The Broad Street subway line is also accessible on foot, either via Allegheny or Erie station. City Hall (downtown Philly aka Center City) is just four (4) miles due south along North Broad Street. The location is booming with progressive development; opportunities to purchase entitled land under $30k/door are very hard to come by in PHL. This is a perfect example of buying "upside" and tapping into Philly's nationally-recognized "eds and meds" (education and healthcare) dynamic; the real estate being sold is projected to appreciate in value for years to come as the medical campus continues its progression, anchoring the community and safeguarding the proposed investment. Enquire within for PPP (pro forma, plans, permits). 10-year tax abatement.