3838 Haverford Ave

Estimated Monthly Payment: $24,593/mo 3838 Haverford Ave, Philadelphia, PA 19104 MLS# PAPH866828 Commercial Sale Listing Status: Active
66
94
0
0

REMARKS:

Presenting an extremely rare income-producing, value-add opportunity in the desirable University City area. This portfolio contains 6 multi-unit buildings, with 36 one-bedroom one-bathroom apartments in the desirable West Powelton neighborhood. Presenting an extremely rare income-producing, value-add opportunity in the desirable University City area. This portfolio contains 6 multi-unit buildings, with 36 one-bedroom one-bathroom apartments in the desirable West Powelton neighborhood. The majority of these units are leased as Section-8 but have expiring leases; so with the start of the Fall semester fast approaching, they will be in the highest demand by students from Drexel & University of Pennsylvania without any investment necessary. The buyer also has the option, with minimal investment, to attract recent grads, young professionals, and Penn Presbyterian hospital staff and significantly increase revenue. This property also falls under the Qualified Opportunity Zone (QOZ). 3860 Haverford ave also offers enclosed space large enough for up to 6 vehicle parking with 2 dumpsters for all of the buildings. The buildings are situated within a short walking distance to University City and are also located close to the area's best cafes, eateries, grocery shops, and shopping districts. Tenants can also take advantage of public transportation and school shuttles right at their doorsteps. Only two blocks away from the new large development and supermarket coming in on 36th & Haverford Ave get in before values soar even higher. The majority of these units are leased as Section-8 but have expiring leases; so with the start of the Fall semester fast approaching, they will be in the highest demand by students from Drexel & University of Pennsylvania without any investment necessary. The buyer also has the option, with minimal investment, to attract recent grads, young professionals, and Penn Presbyterian hospital staff and significantly increase revenue. 3860 Haverford ave also

OVERVIEW:

Commercial Sale
Active
BRIGHT
1920
0.04
1633
Baseboard - Electric,Radiant
Electric,Natural Gas
Ceiling Fan(s),Wall Unit,Window Unit(s)
Public
Public Sewer

FINANCIAL:

5299000
5144
5144

Broker Reciprocity Courtesy of BHHS Fox & Roach-Center City Walnut

 

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