Shopping Cart

You have no items in your shopping cart.

Property Detail

South 63rd Street
Value-Add Potential: Average rents per unit ($884) are below market potential ($1,343) Favorable .
$2,695,000

Description

  • Value-Add Potential: Average rents per unit ($884) are below market potential ($1,343)
  •  
  • Favorable Unit Mix: 14 One Bedrooms, 12 Two Bedrooms and 1 Studio
  • Concentrated Portfolio: 808, 810, 826, 828 and 930 N 63rd Street, Philadelphia PA
  •  
  • Overbrook Neighborhood: Close Proximity to City Line Ave, Lancaster Ave, & I-76

Executive Summary

Trophy Commercial Real Estate LLC is pleased to present the opportunity to acquire the fee simple interest in the 63rd Street Portfolio. This package of 5 properties offers a unique investment opportunity on the 800 and 900 Blocks of N 63rd street comprising of a total of 27 apartment units and a garage. Other than one studio apartment, the unit mix consists of all 1- and 2-bedroom apartments and has a history of long tenancy. As a result, about 50% of the units have been renovated since the current ownership acquired the buildings in 2015 and presents further upside potential through increasing rents to market rate or convert to PHA rental with minimal renovations. Located in the Overbrook neighborhood, the portfolio benefits from strong suburban neighborhood demand and convenient access to downtown Philadelphia.
 

63rd Street Portfolio

Listing ID : 01018

SKU: 1018

Property Enquiry Form

Please fill the form below to know more about the property

Price History

DateEventPrice
December 18 2024Listed$2,695,000.00