3337 Spring Garden St - Apartments FOR SALE


Philadelphia, PA 19104- Mantua
$3,400,000 USD
215-454-2879
3337 Spring Garden St, Philadelphia, PA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/7
null | 6% Cap Rate

3337 Spring Garden St
Philadelphia, PA 19104
Mantua


OVERVIEW

A rare contiguous block of four buildings totaling 26 units and 72 beds. This cluster offers institutional scale in a boutique setting, allowing a buyer to control a significant portion of the block and achieve management efficiencies. Located just 0.4 miles from 30th Street Station, these buildings feature in-unit washers/dryers and 50” flat-screen TVs in every unit. The property is in proximity to UPenn, Drexel, and Penn Medicine. 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.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$1,133 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3337-3343 Spring Garden Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

RM1

APN/PARCEL ID

242003800

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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