UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $100
MLS Listing ID PAPH2520314
Style Unit/Flat
Abv Grd Liv Area 2,480
Year Built 1925
Annual Tax Amount $2,665
Tax Year 2024
Lot Size 1,550 Sqft
Acres 0.04
Lot Dimensions 31.00 x 50.00
Property Sub-Type Other
Source BRIGHT
Property Description
INTRODUCING: The West Philly Park Portfolio — a rare opportunity to acquire up to thirty-nine (39) total units offering an in-place 9.5% stabilized cap rate, located just outside of University City — one of the most dynamic growth corridors in the United States. Situated within a Top-10 MSA for both population and life sciences, this portfolio lies in the heart of Philadelphia's renowned “Eds & Meds” economy, surrounded by billions of dollars in active development. Nearby anchors include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak's 30th Street Station.
The portfolio spans ten (10) properties totaling approximately ±35,000 square feet, concentrated within a walkable five-block stretch along the high-traffic 52nd Street corridor, between Market Street and Larchwood Avenue. Each building features a mix of ground-floor commercial units with residential apartments above, many of which were comprehensively renovated in the early 2020s. Upgrades include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.
The offering includes multiple park-front, corner, and contiguous parcels, with strong tenant demand driven by proximity to the University of Pennsylvania, Drexel University, and leading healthcare and innovation institutions. This is a rare chance to acquire turnkey assets in one of Philadelphia's most promising submarkets.
Detailed financials available upon request.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning CMX2
Interior
Hot Water Other
Heating Other
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 2480
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871253050
Ownership Fee Simple
SqFt Source 2480
Special Listing Condition Standard
Nearby School & Business
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