Property
Beds
73
Full Baths
None
1/2 Baths
None
Year Built
2017
Sq.Footage
51,835
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) — 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 — 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 — similar to the look and feel of a luxury boutique hotel — 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 “in-demand” Philly neighborhood at a value well below replacement cost. 10 year tax abatement. Buyer responsible for verifying taxes, SF, financials in DD.
Features & Amenities
Interior
-
Total Bedrooms
73
-
Bathrooms
N/A
-
Above Grade Finished Area
51835.0
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Heating YN
YES
-
Heating
Natural Gas, Central
Exterior
-
Garage
No
-
Parking
Parking Lot
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
-
View
City, Panoramic, Trees/Woods, Scenic
Area & Lot
-
Lot Size(acres)
0.36
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$9,500,000
-
Tax Amount
9083.0
-
Sq. Footage
51, 835
-
Price/SqFt
$183
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
Accessibility Features
Accessible Elevator Installed
-
Sewer
Public Sewer
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place
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TheresaKehler
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