Five Property (34 UNIT) APARTMENT PORTFOLIO
PHILADELPHIA , PA 19144
MLS#: PAPH2531440
$5,925,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Superb turn-key commercial investment package. Includes five(5) fully occupied, income- generating apartment buildings (34 total units) in excellent locations. 23 units in red-hot Germantown. 6 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings-some with remaining tax abatements ✅ Solid Cap Rates! ✅ Each of the apartment buildings and every unit is fully turnkey, and in excellent condition ✅ fully separated gas and electric ✅ All units legally zoned with active rental licenses corresponding to exact number of units ✅ include in-unit dishwasher and washer/dryer (every unit!) ✅ new or newer stainless-steel appliances in every unit ✅ granite countertops ✅ Some units with nice outdoor space as well ✅ Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. These units are always easy to rent. ✅ The current owner values both quality tenants and no vacancies. Most leases run into mid-2026. All buildings well-cared for and maintained-with a striking pride of ownership! Details on the portfolio and all package combinations include--Superb turn-key commercial investment package. Includes 5 fully occupied, income-generating apartment buildings (34 total units) in excellent locations. 23 units in red-hot Germantown. 6 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings, some with remaining tax abatements✅ Proper Zoning and Active Rental Licenses for every unit ✅ Solid Cap Rates!✅ Each apartment building is fully turnkey, and in excellent condition✅ Fully separated gas and electric ✅ All units include in-unit dishwasher and washer/dryer✅ New or newer stainless-steel appliances & granite countertops in all units ✅ Some units with nice outdoor space as well✅ Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. Always easy to rent✅ The current owner values both quality tenants and no vacancies. All leases run into mid-2026. All buildings well-cared for and maintained with a striking pride of ownership. ✅ The 5-building breakdown is as follows: 4529 Pulaski (14 units—2022 ground-up new construction--Tax Abatement thru 2031)—$2,275,000✅ 4637 Germantown (9 units—2024 ground up new construction-Tax Abatement thru 2035)—$1,525,000✅ These two buildings are a few blocks apart and are also available as a solid 23-unit mini package at $3,800,000. Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Transit hub and Right off the Roosevelt Extension (US1)✅ 1148 & 1150 S 15th (6 units being sold together or as two separate triplexes; both 2014 new construction)—$1,300,000 (or $650,000 each) ✅ A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more. Easy walk to East Passyunk, Italian Market, and Center City✅ 5027 Spruce Street (5 units—2017 ground up new construction—Tax abatement thru 2026)—$825,000. Lovely University City block. Walk to tons of restaurants and shops; Penn, HUP, CHOP, and Drexel; great SEPTA access. ✅ Excellent numbers—the entire package offers a 7.66% cap rate. OFFERING MEMORANDUM available upon request. Includes individual building rents, terms, expenses, NOIs, cap rates, and other information.✅ Two additional Development Opportunities are also available for purchase: 5037 Wissahickon—Zoning approval for 18 residential units and one commercial space—$475,000✅ 4633 Germantown—Vacant lot with potential to also acquire city owned corner lot next door and build a 9-unit building by right—$27,500. The city-owned lot is 4535 Germantown ✅ SEE OFFERING MEMORANDUM FOR BED/BATH BREAKDOWN AND FINANCIALS.
Features & Amenities
Interior
-
Total Bedrooms
N/A
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Bathrooms
N/A
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Cooling YN
YES
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Cooling
Central Air, Electric
-
Heating YN
YES
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Heating
Electric, Natural Gas, Forced Air, Heat Pump
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Pet friendly
N/A
Exterior
-
Garage
No
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Construction Materials
Brick
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Parking
On Street
-
Pool
No
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Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.29
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Property Type
Commercial Sale
Price
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Sales Price
$5,925,000
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Tax Amount
36047.0
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
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Middle School
N/A
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High School
N/A
Property Features
-
Sewer
Public Sewer
-
Tax Lot
60
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Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Jeffrey Block , Compass Pennsylvania, LLC
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TheresaKehler
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