$ 9,000,000
3925-29 HAVERFORD AVE Philadelphia, PA 19104
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$ 9,000,000
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Active
3925-29 HAVERFORD AVE Philadelphia, PA 19104
42,456 SqFt
UPDATED:
09/24/2024 12:40 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 42,456 sqft
Price per Sqft $211
Subdivision University City
MLS Listing ID PAPH2387168
Originating Board BRIGHT
Year Built 2018
Annual Tax Amount $8,997
Tax Year 2024
Lot Size 0.275 Acres
Acres 0.27
Lot Dimensions 138.00 x 86.00
Property Description
Introducing: GRANDVIEW WEST. This exceptionally-designed, 42,256 SF multifamily investment property is a turnkey blue-chip apartment building offered substantially below replacement costs in a national high-growth submarket (University City Philadelphia). Anchored by ground floor commercial space (950 SF), 33 apartments rise 4 storeys up to a rooftop terrace with panoramic vistas of Downtown Philly and the surrounding University City cityscape. The unit matrix includes one (1) commercial unit, two (2) 1bd, twenty-nine (29) 2bd, and two (2) 3bd apartments. Average size for the apartment units is a generous 1,143 SF — well in excess of market averages. $1939/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 fitness center and deluxe lounge/bar/kitchen are located on the ground floor, providing 24-hr access and enjoyment for residents. Positioned on Haverford Avenue (just off Lancaster Avenue—main commercial corridor), everything in Philly is within walking distance of GRANDVIEW WEST. Situated in UCITY, Philadelphia's fastest-growing powerhouse economic district, GRANDVIEW WEST Apartments represents one of the finest acquisition opportunities in the Greater Philadelphia MSA to purchase a "like new" construction stabilized asset in a coveted Philly neighborhood. “EDS & MEDS”: Penn and Drexel are nearby, as well as Schuylkill Yards, Spark Therapeutics, Amtrak's 30th St Station, HUP, CHOP, Science Center + more — the region's leading higher education institutions, innovation districts, biomed + life sciences and top-tier employers are immediately accessible to GRANDVIEW WEST, providing rentability ease + investment certainty for Ownership. 10 year tax abatement.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View City
Roof Type Fiberglass
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 881818710
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Ryan J McManus • Keller Williams Liberty Place
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