3925 Haverford Ave Philadelphia, PA 19104
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Complex
Value estimations
Owner & transaction history
Zoning & alternative use
The Residential Multi Family districts are primarily intended to accommodate moderate to high density, multi unit residential buildings in areas where such development already exists or where it is desired in the future
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Philadelphia market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RM1 · Philadelphia, PAThe Residential Multi Family districts are primarily intended to accommodate moderate to high density, multi unit residential buildings in areas where such development already exists or where it is desired in the future
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for RM1 in Philadelphia, PA.
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