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Listed by Jeffrey Block • Compass Pennsylvania, LLC
$ 7,135,000
Est. payment | /mo
34,976 SqFt
$ 7,135,000
Est. payment | /mo
34,976 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 34,976 sqft
Price per Sqft $203
MLS Listing ID PAPH2531440
Available Date 2025-09-09
Annual Tax Amount $36,047
Tax Year 2025
Lot Size 0.334 Acres
Acres 0.33
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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✅ 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)—(5-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)—$625,000✅1149 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✅ 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 and build a 9-unit building by right ($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. ✅
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RTA1
Interior
Hot Water Natural Gas, Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Inclusions All appliances and other other fixtures.
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Corner, Interior
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881064402
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Brad Griffin