Multifamily Apartment
For Sale
Contact for pricing
1414 71st Ave, Philadelphia, PA 19126
87-unit portfolio with 50 off-street parking spaces; tenants pay electricity while the owner covers water, sewer, and gas.
Property SizeContact for details
Days on Market121
Property Features for 1414 71st Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
87
Listing Agency:
Scope Investment Real Estate Services
Listed By:
Phil Sharrow · License #PA RSR002048
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
SCOPE Commercial Real Estate Services, LLC presents an 87-unit multifamily portfolio comprising Mount West (53 units) and Duval Arms (34 units). Mount West includes 41 one-bedroom, one-bath units and 12 two-bedroom, one-and-a-half-bath units, with select units featuring an uncommon extra half-bath. Duval Arms is made up of four efficiencies, 15 one-bedroom, one-bath units, and 15 two-bedroom units. Tenants pay electricity, while the owner pays for water, sewer, and gas; the owner is reimbursed for water, common area electricity, and gas at Mount West and for water and gas at Duval Arms. Both properties heat via a central gas boiler with radiator heat.
The portfolio includes two Mount West parcels with a total of 50 off-street parking spaces, and the two parcels are located about 0.2 miles from each other. Duval Arms is located in East Germantown, about 2.6 miles south of Mount West.
Both properties are held under one blanket loan described as an assumable agency loan, with eight years remaining and three years of interest-only payments. The interest rate is fixed at 2.68%, with approximately $5.98M remaining on the balance, subject to decrease.
The portfolio includes two Mount West parcels with a total of 50 off-street parking spaces, and the two parcels are located about 0.2 miles from each other. Duval Arms is located in East Germantown, about 2.6 miles south of Mount West.
Both properties are held under one blanket loan described as an assumable agency loan, with eight years remaining and three years of interest-only payments. The interest rate is fixed at 2.68%, with approximately $5.98M remaining on the balance, subject to decrease.
Key Highlights
- 87‑unit Philadelphia multifamily portfolio: Mount West (53 units) and Duval Arms (34 units) under one blanket loan
- Unit mix at Mount West: 41 1BR/1BA and 12 2BR/1.5BA, with extra half‑bath units in the mix
- Mount West rents: 1BR avg $957 (high‑water $1,094); 2BR avg $1,071 (high‑water $1,261)
Property Analytics
Current Use
Lease Details
87
Residential units
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Explore this area
Business Placement
Demographics for 19126, PA
16,159
Population
7,490
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
13,466
Density / Sq Mi
$52,847
Median Household Income
$40,610
Median Earnings
$1,116
Median Rent
$214,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 87-unit portfolio with 50 off-street parking spaces; tenants pay electricity while the owner covers water, sewer, and gas.
Where is this apartment building located?
The property is located at 1414 71st Ave Philadelphia, PA.
What are key features of this property?
This property features: 87‑unit Philadelphia multifamily portfolio: Mount West (53 units) and Duval Arms (34 units) under one blanket loan; Unit mix at Mount West: 41 1BR/1BA and 12 2BR/1.5BA, with extra half‑bath units in the mix; Mount West rents: 1BR avg $957 (high‑water $1,094); 2BR avg $1,071 (high‑water $1,261)
