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Betty Brown Vivian

sold@bettybrownregirl.com +1(703) 402-1677

$ 9,000,000

Est. payment -/mo

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Active

3925-29 HAVERFORD AVE Philadelphia, PA 19104

42,456 SqFt

UPDATED:

09/24/2024 12:40 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 42,456 sqft

Price per Sqft $211

Subdivision University City

MLS Listing ID PAPH2387168

Originating Board BRIGHT

Year Built 2018

Annual Tax Amount $8,997

Tax Year 2024

Lot Size 0.275 Acres

Acres 0.27

Lot Dimensions 138.00 x 86.00

Property Description

Introducing: GRANDVIEW WEST. This exceptionally-designed, 42,256 SF multifamily investment property is a turnkey blue-chip apartment building offered substantially below replacement costs in a national high-growth submarket (University City Philadelphia). Anchored by ground floor commercial space (950 SF), 33 apartments rise 4 storeys up to a rooftop terrace with panoramic vistas of Downtown Philly and the surrounding University City cityscape. The unit matrix includes one (1) commercial unit, two (2) 1bd, twenty-nine (29) 2bd, and two (2) 3bd apartments. Average size for the apartment units is a generous 1,143 SF — well in excess of market averages. $1939/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 fitness center and deluxe lounge/bar/kitchen are located on the ground floor, providing 24-hr access and enjoyment for residents. Positioned on Haverford Avenue (just off Lancaster Avenue—main commercial corridor), everything in Philly is within walking distance of GRANDVIEW WEST. Situated in UCITY, Philadelphia's fastest-growing powerhouse economic district, GRANDVIEW WEST Apartments represents one of the finest acquisition opportunities in the Greater Philadelphia MSA to purchase a "like new" construction stabilized asset in a coveted Philly neighborhood. “EDS & MEDS”: Penn and Drexel are nearby, as well as Schuylkill Yards, Spark Therapeutics, Amtrak's 30th St Station, HUP, CHOP, Science Center + more — the region's leading higher education institutions, innovation districts, biomed + life sciences and top-tier employers are immediately accessible to GRANDVIEW WEST, providing rentability ease + investment certainty for Ownership. 10 year tax abatement.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

View City

Roof Type Fiberglass

Accessibility Elevator

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 881818710

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Ryan J McManus • Keller Williams Liberty Place

Betty Brown Vivian

Agent | License ID: 0225257091

+1(703) 402-1677

Betty Brown Vivian

3925-29 HAVERFORD AVE Philadelphia, PA 19104

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3925-29 HAVERFORD AVE