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3925 Haverford Ave Philadelphia, PA 19104

Apartment buildings Google Maps
42,256 SF 0.27 ac lot Built 2018
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$750k
Range $675k – $825k (±10%)
Property ID US73-2063270

Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,256 SF
Lot 0.27 ac (11,966 SF)
Zoning code RM1
APN 88-1-8187-10
UPID US73-2063270

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$750k

Owner & transaction history

since 2016
7 recorded transactions
2020
Price N/A
2018
Price N/A
2016
Price N/A
2016
Price N/A
2016
$825,000
2015
Price N/A
2015
Price N/A

Zoning & alternative use

RM1 · Philadelphia, PA
Zoning description

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

General category RESIDENTIAL
Top alternative use upside
Restaurant $13.1M +10.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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