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Portfolio of 3 3 Multifamily Properties Offered at $3,655,000 in Philadelphia, PA
Executive Summary
KW Commercial is please to present a Center City Philadelphia PA multifamily property portfolio consisting of 3 total properties and 17 total apartments available to acquire for qualified investors. The portfolio is strategically divided between two of the city’s most desirable residential submarkets: Fitler Square (2129 Pine St and 2402 Spruce St) and Graduate Hospital (1725 Bainbridge St). These neighborhoods are highly walkable, and these properties are all near some of Philadelphia’s premier amenities. The Bainbridge St property is a 5-unit property with all studio apartments. The Pine St property is a 6-unit property with all 1 bed and 1 bath apartments. The Spruce St property is a 6-unit property with five 1 bed and 1 bath apartments and one studio apartment. All units across the portfolio have undergone high-end renovations, offering modern interiors designed to attract long-term, high-quality tenancy. Overall, the portfolio consists of 11 one-bedroom/one-bathroom apartments and 6 studio apartments. This investment offering represents a rare opportunity to acquire a critical mass of turnkey, renovated assets in transit-rich, affluent neighborhoods with extremely high barriers to entry and strong rental demand. These properties can be purchased individually or as a portfolio:
1725 Bainbridge St, Philadelphia, PA 19146 = $855,000
2402 Spruce St, Philadelphia, PA 19103 = $1,350,000
2129 Pine St, Philadelphia, PA 19103 = $1,450,000
Total = $3,655,000
1725 Bainbridge St, Philadelphia, PA 19146 = $855,000
2402 Spruce St, Philadelphia, PA 19103 = $1,350,000
2129 Pine St, Philadelphia, PA 19103 = $1,450,000
Total = $3,655,000
Property Facts
| Price | $3,655,000 | Number of Properties | 3 |
| Price / SF | $400.68 / SF | Individually For Sale | 3 |
| Cap Rate | 6.03% | Total Building Size | 9,122 SF |
| Sale Type | Investment | Total Land Area | 0.09 AC |
| Status | Active |
| Price | $3,655,000 |
| Price / SF | $400.68 / SF |
| Cap Rate | 6.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 9,122 SF |
| Total Land Area | 0.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2129 Pine St, Philadelphia, PA 19103 | Multifamily | 3,555 SF | 1880 | $1,450,000 |
|
Prime City Properties Portfolio
2402 Spruce St, Philadelphia, PA 19103 |
Multifamily | 3,383 SF | 1880 | $1,350,000 |
| 1725 Bainbridge St, Philadelphia, PA 19146 | Multifamily | 2,184 SF | 1915 | $855,000 |
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