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.