Swarthmore, PA

Property Type: Multifamily
Size: 7 Units
Price: $315.07/SF
CAP: 4.94%

Highlights:

  • 7-Unit Trophy Apartment Building - Walking Distance to Downtown Swarthmore, PA
  • Value Add Through Unit Renovations - Original Kitchens & Bathrooms
  • Very Large Units - 6 Units are 1,000+ Square Feet
  • Roof Replaced in 2018; Boiler Replaced in 2016
  • Large Private Porches & In-Unit Washer/Dryer

Description:

Marcus & Millichap is pleased to present for sale 139 Rutgers Avenue - A 7-unit apartment property comprised of a 6-unit apartment building plus a carriage house, located in Swarthmore, Pennsylvania. Swarthmore is one of the most affluent boroughs in Delaware County and a premier location to own real estate in the Philadelphia suburbs. The borough is home to more than 6,000 people and is located eight miles southwest of Center City. The very attractive building is indicative of the old school charm that is prevalent throughout Swarthmore. The units and common areas are exceptionally well maintained due to the owner's extraordinary attention to the property. The units feature hardwood flooring in the bedrooms and living spaces, as well as either a private balcony or screened-in porch.

There is a private, off-street parking lot that runs behind the apartment building and leads to the carriage house. There are three garages located below the carriage house, which are available to rent. There is also a quiet, well maintained yard for the tenants to enjoy that runs in front of the apartment building and extends to the carriage house. All of the units have their own washer and dryer, except for the carriage house in which the appliances are located in the apartment building basement.

The Property is conveniently located within walking distance of downtown Swarthmore. This close proximity allows for easy access to the many nearby amenities including stores, restaurants, the Swarthmore Public Library and the Swarthmore Train Station. The station, which is on the Media/Elwyn Septa Regional Rail Line, provides service westbound to Elwyn and northeast bound to Philadelphia.

139 Rutgers Avenue represents a great opportunity to acquire a very well maintained apartment complex with a stabilized income stream in one of the wealthiest boroughs in Delaware County. The original kitchens and bathrooms in the units represent additional upside for an incoming investor to capture.


Full Summary:

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



Location:


Go to Top