234 W Chelten Ave - Apartments FOR SALE


Philadelphia, PA 19144- Germantown
$10,500,000 USD
215-454-2879
234 W Chelten Ave, Philadelphia, PA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/37
null | 6.52% Cap Rate

234 W Chelten Ave
Philadelphia, PA 19144
Germantown


HIGHLIGHTS

  • Boutique Luxury Apartment Living: High-End Finishes at an Affordable Price Point
  • New Construction: Turnkey Opportunity; Little to No Deferred Maintenance
  • Developing Germantown Location: Gentrifying Section of Philadelphia
  • Access to Public Transportation: SEPTA Regional Rail (Chestnut Hill West Line) and Bus Routes to Center City Philadelphia and the Surrounding Subu
  • Proximate to Neighborhood Amenities: Situated on the Chelten Avenue Retail Corridor

OVERVIEW

Chelten Terminal is situated along Chelten Avenue in the Germantown section of Philadelphia. Chelten Terminal comprises 45 newly constructed apartment units and 1,500 square feet of commercial space. Chelten Terminal has a desirable unit mix of 24% studio, 53% one-bedroom units, and 22% two-bedroom apartment units. A boutique luxury property, Chelten Terminal boasts high-end finishes including stainless steel appliances, stone countertops, LVT flooring, subway tile backsplashes, and modern brown cabinetry. Furthermore, these units feature keyless entry, central HVAC, and in-unit washers and dryers. Residents enjoy access to a boutique lobby, a common roof deck, a dog park, a fitness center, package room, and 32 off-street parking spaces. The property is situated along West Chelten Avenue, a thriving retail corridor serving the neighborhood. Chelten Terminal is proximate to amenities such as Weavers Way Co-Op, Ultimo Coffee, and Walgreens. Residents look no further than outside their front door for a complete suite of local and national essential businesses. Chelten Terminal is transit-oriented, located minutes from major thoroughfares including Germantown and Wissahickon Avenues, I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. In addition, SEPTA’s Chelten Avenue Station on the Chestnut Hill East Regional Rail Line is less than a 5-minute walk from the front door.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

45

PRICE/UNIT

$233,333

CAP RATE

6.52%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chelten Terminal

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

CMX2.5

APN/PARCEL ID

881000907

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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