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    6516 Germantown Ave Philadelphia, PA 19119

    Sponsored
    For Sale
    $1,800,000

    Brand new, 4-unit apartment building in Philadelphia.

    Property size:
    5,555 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2023-built, three-story apartment building at 6516 Germantown Avenue presents a unique investment opportunity in Philadelphia's desirable West Mount Airy neighborhood. Boasting 5,555 square feet, this property features four luxury apartments, each priced at $450,000, totaling an asking price of $1,800,000. The building benefits from a prime location on Germantown Avenue, a main commercial corridor, with a commanding 69-foot frontage. The ground floor is designed for a destination restaurant, adding significant income potential. The upper three floors house three spacious, well-appointed apartments. Residents can enjoy a sweeping panoramic rooftop terrace. The property is zoned CMX2, reflecting its mixed-use potential. This new construction offers exceptional curb appeal and presents a strong investment opportunity in a highly sought-after historic district. The building's modern design and prime location combine to create a truly remarkable property. With its impressive features and strong potential for rental income, this is an exceptional opportunity for discerning investors.

    Property Features for 6516 Germantown Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,555 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    3
    Units
    4

    HighLights

    • New multifamily investment opportunity in a newly constructed building.
    • High‑profile location with excellent curb appeal.
    • Ground‑floor retail space ideal for a destination restaurant.
    • Three luxury apartments featuring spacious layouts.
    • 69‑foot frontage on Germantown Avenue, a prime commercial thoroughfare.
    • Expansive rooftop terrace offering panoramic views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1839516
    Latitude
    40.048988

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 4-unit apartment building in Philadelphia.
    Where is this multifamily property located?
    The property is located at 6516 Germantown Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: New multifamily investment opportunity in a newly constructed building.; High-profile location with excellent curb appeal.; Ground-floor retail space ideal for a destination restaurant.
    Request Owner's contact information
    6516 Germantown Ave Philadelphia, PA 19119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6516 Germantown Ave Philadelphia, PA 19119
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