Pelham Place Apartments: This exceptionally-designed, 51,835 SF multifamily investment property is a turnkey blue-chip apartment building located in a coveted submarket in Northwest Philadelphia (NWPHL) â Mount Airy. Anchored by two (2) essential businesses on the ground floor, 36 apartments rise 4 storeys up to a landscaped green roof with panoramic vistas of Mount Airy and the surrounding lush landscape of NWPHL. The unit matrix includes two (2) commercial units, four (4) 1bd, twenty-seven (27) 2bd, and five (5) 3bd apartments. Average size for the apartment units is a generous 914 SF â well in excess of market averages. $1770/unit is the average rental price. The oversized apartment homes feature modern fit + finish kits including high ceilings, window treatments, stone countertops, carpeted bedrooms with spacious closets, sleek LVP flooring in kitchens and living areas, custom shaker cabinetry and contemporary bath suites. Keyless entry and digital high-tech security intercoms provide a seamless building access experience. A fully-equipped business lounge and entertainment center are located on the ground floor, providing 24-hr access and enjoyment for residents immediately upon entering the building â similar to the look and feel of a luxury boutique hotel â complete with with MAC desktop stations, a full-sized wet bar, deluxe furnishings, televisions, fireplace, coffered ceilings, wallpapered surrounds and local artwork. A fully-equipped fitness center is located in the lower level as well. Located on the historic cobbles of Germantown Avenue with amenities in abundance (all within walking distance), Pelham Place Apartments represents one of the finest acquisition opportunities in the Greater Philadelphia MSA to purchase a "like new" construction stabilized asset in an âin-demandâ Philly neighborhood at a value well below replacement cost. 10 year tax abatement. Buyer responsible for verifying taxes, SF, financials in DD.
INTRODUCING: 85 EAST â This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphiaâs historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 6% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenueâs commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airyâs eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenaminâs, Jansen, Johnson House Historic Site, Weaverâs Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room â as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatementâpay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
Introducing 6516 Germantown Avenue in West Mount Airy (Philadelphia, PA) â a brand new mixed-use asset located on the quaint cobbles in one of Philly's most coveted historic districts with high barriers to entry. Investment Highlights: New Construction Multifamily Investment ⢠Exceptional Presence, Command, Curb Appeal ⢠Ground Floor Destination Restaurant ⢠Three (3) Spaciously Appointed Luxury Apartments ⢠69' Frontage on Germantown Avenue (area's main commercial corridor) ⢠Sweeping Panoramic Rooftop Terrace ⢠10 Year Tax Abatement.
Brand new complete renovation, ready for an owner occupant or investor to take over. Planned to maximize efficiency and usable square feet and design with tenants in mind, making leasing a breeze and having happier tenants. 6651 Blakemore was renovated over the past 14 months from the new rubber roof to the concrete slab in the basement - every aspect of the building has been upgraded, repaired, replaced, installed and made better. This property features new plumbing (interior and exterior), electric, HVAC, flooring, kitchens, bathrooms, layouts, insulation, drywall, tile, etc, with the idea of reducing maintenance needs over the building lifetime and creating more energy efficient units for cheaper utility costs for tenants. Currently 3 of the 4 units are rented, with 1 unit left vacant for a savvy owner occupant, and will be rented instead if under contract with an investor. Each unit is rented for 1395/mo, with tenants paying for all utilities (water is billed at a flat rate per person), with a storage unit in the basement included in the rent. We're a 30 second walk to the Stenton train station (24 minutes to Center City), 3 minute drive to the closest grocery store, ample street parking on a quiet, architecturally intriguing street.
Welcome to 150 W. Sharpnack Street, an exquisite twin triplex nestled in the sought - after West Mount Airy neighborhood of Philadelphia. This fully occupied property offers instant revenue streams with long - term tenants, ensuring a stable investment from day one. Each of the three spacious 1 bedroom units features generous living areas and bathrooms, perfect for comfortable living. Enjoy the added bonus of a backyard oasis, ideal for relaxation and outdoor gatherings. Rental License(s) are current and active for 2 of the 3 units. Conveniently situated near public transportation and the thriving Germantown Ave shopping district, this property presents a prime investment opportunity not to be missed. Schedule a visit today and seize the chance to secure your future in this vibrant community!!
The median home value in Philadelphia, PA is $205,900. This is lower than the county median home value of $223,800. The national median home value is $338,100. The average price of homes sold in Philadelphia, PA is $205,900. Approximately 47.02% of Philadelphia homes are owned, compared to 42.7% rented, while 10.28% are vacant. Philadelphia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Philadelphia real estate agent to arrange a tour today!
Philadelphia, Pennsylvania 19119 has a population of 1,596,865. Philadelphia 19119 is less family-centric than the surrounding county with 20.04% of the households containing married families with children. The county average for households married with children is 21.3%.
The median household income in Philadelphia, Pennsylvania 19119 is $52,649. The median household income for the surrounding county is $52,649 compared to the national median of $69,021. The median age of people living in Philadelphia 19119 is 34.8 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 47.2 inches per year, with 13.1 inches of snow per year.