Philadelphia, PA

Property Type: Multifamily
Size: 24 Units
Price: $5,450,000
CAP: See Broker for Details

Highlights:

  • 24 Units in Two of The Most Desirable Neighborhoods in Philadelphia
  • Value-Add Opportunity: In-Place Rents Average $115 Below Comparable Rents in the Neighborhood
  • Strong Historical Occupancy: Consistently 100% Occupied
  • 25% of the Units are Bi-Level & 45% Feature a Private Yard or Roof Deck

Description:

Marcus & Millichap is pleased to present for sale The Queen Village and Bella Vista Portfolio. Located in two of the most desirable neighborhoods in Philadelphia, this rare offering consists of (3) offerings: The Entire Portfolio, Portfolio 1 & Portfolio 2.

  • Entire Portfolio: The option is available to a qualified investor to purchase the whole portfolio at a total list price of $5,450,000.
  • Portfolio 1: A 20-Unit Value-Add Apartment Portfolio across seven (7) addresses. This package is being offered at a list price of $4,000,000.
  • Portfolio 2: Consists of (3) addresses all adjacent to one another. It includes a large duplex that faces the street and (2) single-family homes situated on the cross street directly behind the duplex. This package is being offered at a list price of $1,450,000.

Queen Village and Bella Vista are residential neighborhoods that lie along the eastern edge of Philadelphia, immediately south of Center City. There has been extensive redevelopment, rehabilitation, and new construction throughout the neighborhoods in the last couple of decades. These two transit-oriented neighborhoods offer some of the finest dining the city has to offer, and are within walking distance of several major essential retailers, including Whole Foods and CVS. Queen Village and Bella Vista are known for providing all of the benefits of urban living without the large crowds and busy streets.


Full Summary:

Download Full PDF Summary File
Click here to schedule a showing of this property



Location:


Go to Top