Six Property (37 Unit) Apartment Portfolio

Highlights:

• Days on Market: 22
• Heating: Forced Air, Heat Pump(s)

Description:

Corner, Interior

Superb turn-key commercial investment package. Includes six (6) fully occupied, income- generating apartment buildings (37 total units) in excellent locations. 23 units in red-hot Germantown. 9 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings-some with remaining tax abatements Solid Cap Rates! Each of the apartment buildings and every unit is fully turnkey, and in excellent condition fully separated gas and electric All units legally zoned with active rental licenses corresponding to exact number of units include in-unit dishwasher and washer/dryer (every unit!) new or newer stainless-steel appliances in virtually every unit (three of the 37 units have white appliances in great condition) granite countertops (three units have Formica in great condition) Some units with nice outdoor space as well Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. These units are always easy to rent. The current owner values both quality tenants and no vacancies. Most leases run into mid-2026. All buildings well-cared for and maintained-with a striking pride of ownership! The apartment building breakdown is as follows: 4529 Pulaski Avenue (14 units)—(2022-year-old ground-up—Tax Abatement thru 2031)—$2,550,000. 4637 Germantown Avenue (9 units)—(2024 ground up new construction-Tax Abatement thru 2035)—$1,635,000 These two buildings are a few blocks apart and would also be available as a solid 23-unit mini package at $4,185,000 Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Right off the Roosevelt Extension (US1) 1148 & 1150 S 15th Streets (6 units) (being sold together; both 2014 new construction)—$1,400,000 1149 S 15th Street (3 units)—(available individually or with 1148-1150; 2008 total rehab)—$625,0001149 is directly across the street. All nine 15th Street units available for $2,025,000 A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more). Walk to Center City, Italian Market, etc. 5027 Spruce Street (5 units)—(2017 ground up new construction—Tax abatement thru 2026)—$925,000 Lovely University City block. Walk to tons of restaurants and shops; Penn, HUP, CHOP, and Drexel; great access to SEPTA. Excellent numbers—the entire package offers a 6.92% cap rate (Offering memorandum available upon request. Includes individual building rents, terms, expenses, NOIs, cap rates, and other information.) Two Development Opportunities are also available for sale (not included in the price or information regarding this package): 5037 Wissahickon Avenue--Zoning approval for 18 residential units and one commercial space—$625,000 4633 Germantown Avenue—Vacant lot with potential to also acquire city owned corner lot next door ($50,000). The city-owned lot is 4535 Germantown and is directly across the street from the 4637 Germantown 9-unit property. Note that the 4633 Germantown vacant lot goes street to street but has a clear encroachment built onto the rear portion. SEE OFFERING MEMORANDUM FOR BED/BATH BREAKDOWN AND FINANCIALS (Available upon Request).