3423-3427 Spring Garden St - Apartments FOR SALE


Philadelphia, PA 19104- Mantua
$1,775,000 USD
215-454-2879
3423-3427 Spring Garden St, Philadelphia, PA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/2
null | 6% Cap Rate

3423-3427 Spring Garden St
Philadelphia, PA 19104
Mantua


OVERVIEW

A high-visibility corner asset featuring 9 units and 27 beds. This property is a "Smart-Ready" building with USB charging ports and high-speed Wi-Fi integration already in place. Situated at the intersection of 34th & Spring Garden, this 3-story asset includes 9 large 3BR/3BA units. Building features include 24-hour video monitoring and an on-site shuttle service to campus. Its location is a "Walker’s Paradise" (89 Score) within the core Drexel residential pocket. 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

$1,775,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

3

PRICE/UNIT

$591,667

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

34th and Spring Garden Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,143 SF

ZONING

RM1

APN/PARCEL ID

881108174

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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