2101-09 Westmoreland StPhiladelphia, PA 19134

Property Details for 2101-09 Westmoreland St

Property size (Sq ft)

42,635 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Exceptional redevelopment opportunity in Philadelphia, PA, featuring two buildings totaling 59 units. This Class A multifamily property, located at 2101-09 E Westmoreland Street, boasts 42,635 square feet across two four-story buildings situated on a 19,166 square foot lot. Building #1 comprises approximately 42,825 square feet with 48 market-rate units and 33,519 square feet of leasable space, while Building #2 offers approximately 12,033 square feet with 11 market-rate units and 9,137 square feet of leasable space. The property includes 18 leasable parking spaces, including one ADA-compliant space. A significant advantage is the remaining 24-month builder abatement and a 10-year, 100% tax abatement currently in place. The property is zoned ICMX (Industrial Commercial Mixed-Use) by the City of Philadelphia. All necessary civil engineering and architectural plan approvals are secured, and geotechnical and environmental reports are available for review. This is a turnkey opportunity for investors seeking a high-return multifamily asset in a desirable Philadelphia location. APN: 884201435.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9936

Longitude

-75.107

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