3925 Haverford AvePhiladelphia, PA 19104

Property Details for 3925 Haverford Ave

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 AC

Property size (Sq ft)

42,256 SF

Zone code

RM1

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

88-1-8187-10

APU

881818710

Description

GrandView West Apartments, a Class A, 34-unit apartment building in Philadelphia's University City, presents a compelling investment opportunity. This 42,256 square foot, four-story building, constructed in 2018, boasts a mix of one commercial unit, two one-bedroom, twenty-nine two-bedroom, and two three-bedroom apartments, averaging a generous 1,143 square feet each. The average unit rental price is $1,939. Modern finishes include high ceilings, stone countertops, carpeted bedrooms with spacious closets, and sleek LVP flooring. Building amenities include a fully-equipped fitness center, a deluxe lounge/bar/kitchen, keyless entry, and a digital security intercom system. Located at 3925 Haverford Avenue, Philadelphia, PA 19104, the property benefits from its proximity to major employers, including Penn and Drexel Universities, CHOP, and HUP, as well as the Schuylkill Yards innovation district. The building features a 950 square foot ground floor commercial space and a rooftop terrace with panoramic city views. A 10-year tax abatement is in place. The asking price is $9,000,000, representing $212.99 per square foot and $264,705.88 per unit. This turnkey asset offers exceptional value in a high-growth submarket. The property is zoned RM1.

• CAP approach

  CAP return

  Valuation

  6%

  $14,754,224

  6.5%

  $13,619,283

  7%

  $12,646,477

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,557,812

  Geo Method

  $8,557,812

• Alternative Use

  Use

  Valuation

  Residential

  $13,619,283

  Hospitality

  $12,475,190

  Educational

  $10,379,212

  Medical

  $10,736,169

  Retail

  $16,145,441

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9632

Longitude

-75.2008

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.