643-645 N 15th St - Apartments FOR SALE


Philadelphia, PA 19130- Avenue Of The Arts Central
$2,950,000 USD
610-420-4559
643-645 N 15th St, Philadelphia, PA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/17
null | 6.1% Cap Rate

643-645 N 15th St
Philadelphia, PA 19130
Avenue Of The Arts Central


HIGHLIGHTS

  • Luxury Finishes: Renovated Apartment Units with Condo-Quality Finishes
  • Affluent Fairmount Location: Dense, Highly Desirable Neighborhood in Philadelphia
  • Transit Oriented: Minutes from SEPTA Broad Street Subway Line
  • Center City Access: Proximity to Downtown Philadelphia
  • Turnkey Operation: No Deferred Maintenance Allowing Easy Management

OVERVIEW

Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in 643-45 North 15th Street (the “Properties” or the “Assets”). These newly renovated Properties are comprised of 10 total apartment units in the affluent Fairmount neighborhood of Philadelphia. Fairmount is highly desirable due to its strategic location – it sits Northwest of Center City Philadelphia and is adjacent to East Fairmount Park and the Philadelphia Museum of Art. Unlike other resurgent neighborhoods in Philadelphia (Northern Liberties and Fishtown), Fairmount enjoys easy access to Center City via the SEPTA Broad Street Line, which has multiple stops (Fairmount Station and Spring Garden Station) within walking distance of the Properties. The neighborhood is also adjacent to Kelly Drive, I-676, and I-76. Major thoroughfares that carry motorists throughout the Philadelphia MSA. The Assets are newly renovated, three-story buildings offering high-end finishes within two historic brownstones. The Properties offer an attractive unit mix with 70% being one-bedroom or studio apartments and 30% two-bedroom apartments. Every unit enjoys 9+ foot ceilings with high-end finishes including stone countertops, stainless steel appliances, modern baths, ample closet space, washer/dryer, and oversized windows allowing an abundance of natural light.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

10

PRICE/UNIT

$295,000

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM1

APN/PARCEL ID

881809005

ASK ABOUT THIS PROPERTY

Alan KrawitzGREAMore Info
610-420-4559

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

Alan KrawitzGREAMore Info
610-420-4559

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