Property summary
This exceptional investment opportunity presents a 17-unit multifamily portfolio in Philadelphia's thriving Brewerytown neighborhood. The property, built in 2021, comprises four buildings totaling 16,026 square feet, offering a mix of 3 two-bedroom/one-bathroom and 14 two-bedroom/two-bathroom units. Each unit boasts luxury finishes including engineered wood flooring, quartz countertops, and stainless steel appliances. Modern technological upgrades such as built-in surround sound, video doorbells, and smart thermostats enhance the tenant experience. Residents enjoy a shared fenced outdoor area and a private community roof deck. The property benefits from a nine-year remaining tax abatement and requires no immediate capital improvements. Strategically located near Girard Avenue's vibrant commercial corridor, this portfolio offers easy access to numerous restaurants, cafes, shops, universities (Temple & Drexel), cultural attractions (Philadelphia Museum of Art, Eastern State Penitentiary), and recreational areas (Schuylkill River Trail, Fairmount Park). Excellent connectivity to Center City and surrounding suburbs is ensured via Girard Avenue, I-76, I-676, and various public transportation options. The asking price is $4,155,000, translating to $259.27 per square foot and $244,412 per unit. Note: Tax information and precise square footage should be independently verified by the buyer. Photos depict a representative unit at 1517 N Stillman Street.
Property profile
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Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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