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3205 Spring Garden st
Philadelphia, PA 19104
Multifamily Property For Sale
·
48 Units
Executive Summary
An architectural masterpiece featuring 48 units and 133 beds. This building is the "Sustainability" flagship, featuring a green roof and eco-friendly design. It commands top-of-market rents due to its unique aesthetic and "Green" branding.
Located at 32nd & Spring Garden Street, this 4-story site covers approx. 50,176 SF. Amenities include an "Expresso Go" interactive bike studio and a green roof terrace. It is located steps from the Schuylkill River Park and Drexel’s athletic fields.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Located at 32nd & Spring Garden Street, this 4-story site covers approx. 50,176 SF. Amenities include an "Expresso Go" interactive bike studio and a green roof terrace. It is located steps from the Schuylkill River Park and Drexel’s athletic fields.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Property Facts
| Price Per Unit | $395,833 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 50,176 SF |
| Cap Rate | 6% | No. Stories | 4 |
| No. Units | 48 | Year Built | 2022 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | RM-1 | ||
| Price Per Unit | $395,833 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 48 |
| Property Type | Multifamily |
| Lot Size | 0.42 AC |
| Building Size | 50,176 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 |
Property Taxes
| Parcel Number | 363100300 | Improvements Assessment | $225,520 |
| Land Assessment | $56,380 | Total Assessment | $281,900 |
Property Taxes
Parcel Number
363100300
Land Assessment
$56,380
Improvements Assessment
$225,520
Total Assessment
$281,900
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3205 Spring Garden st