6610 Germantown Ave, Unit 12 Philadelphia, PA 19119-2276

Property Details for 6610 Germantown Ave

Year built

2017

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 lot acres

Property size

51,835 SF

Zone code

CMX2

Property type

Apartment buildings

APN

88-1-0508-06

APU

881050806

Description

This exceptional, Class A, 51,835 square foot apartment building in Philadelphia's desirable Mount Airy neighborhood presents a compelling investment opportunity. Built in 2017, this one-building, four-story property boasts 38 units: two commercial spaces, four one-bedroom, twenty-seven two-bedroom, and five three-bedroom apartments, averaging a generous 914 square feet each. The average unit rental price is $1770. Units feature high ceilings, stone countertops, carpeted bedrooms with spacious closets, LVP flooring, custom cabinetry, and contemporary bathrooms. Building amenities include a fully equipped business lounge and entertainment center with 24-hour access for residents, featuring MAC desktop stations, a wet bar, and deluxe furnishings. A fitness center is also available. The property benefits from a 10-year tax abatement and is located on Germantown Avenue, providing convenient access to numerous amenities. The asking price is $9,500,000 ($183.27/sq ft and $250,000/unit). The permitted zoning is CMX-2. Buyer is responsible for verifying taxes, square footage, and financials during due diligence. This turnkey, stabilized investment property offers a rare chance to acquire a "like-new" asset in a high-demand Philadelphia neighborhood well below replacement cost.