3907 Haverford - Apartments FOR SALE


Philadelphia, PA 19104- Mantua
$1,500,000 USD
610-606-1095
3907 Haverford, Philadelphia, PA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/148
null | 6.25% Cap Rate

3907 Haverford
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • 10YR TAX ABATEMENT
  • TURNKEY MULTIFAMILY
  • HIGHEST-GROWTH SUBMARKET
  • TOP 10 USA MSA

OVERVIEW

Introducing 3907 Haverford Avenue, a turnkey newly constructed apartment building in University City, Philadelphia — the highest-growth submarket in the city. Surrounded by the "eds and meds" economy with Drexel, Penn, Chop, Hup, Science Center, Schuylkill Yards and more nearby, providing a powerhouse engine for rental demand with highly skilled/educated workers in abundance — insulating multifamily rental demand in the surrounding community. The ±5500 SF, 3-storey redbrick property is composed of four (4) 1bd x 1ba units, one (1) 2bd x 2.5ba unit and one (1) 3bd x 3ba unit. The stylish residences feature a contemporary blend of cabinetry, stone, appliances and tile work, with designer-inspired lighting and plumbing fixtures. Washer/dryer combos in each unit for added convenience. Resilient LVP flooring throughout. High-powered mini-split heating/cooling systems. Soaring ceilings and ample natural light provide comfortability in each apartment. 6.25% Cap Rate. Buy into University City's real estate market for just $250K per unit where extremely high barriers-to-entry exist. FULL 10 yr tax abatement through 2031. Minimal OPEX and above-average rent growth. Enquire within for financials.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UCITY 6.25% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,503 SF

ZONING

RM1

APN/PARCEL ID

242209400,881818700,886910225

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.