Active

6610-12 Germantown Ave

Philadelphia PA, 19119

$9,500,000


$183.27 per sqft

Active

51,835 sqft

Commercial

Built in 2017

Pelham Place Apartments: This exceptionally-designed, 51,835 SF multifamily investment property is a turnkey blue-chip apartment building located in a coveted submarket in Northwest Philadelphia (NWPHL) -- Mount Airy. Anchored by two (2) essential businesses on the ground floor, 36 apartments rise 4 storeys up to a landscaped green roof with panoramic vistas of Mount Airy and the surrounding lush landscape of NWPHL. The unit matrix includes two (2) commercial units, four (4) 1bd, twenty-seven (27) 2bd, and five (5) 3bd apartments. Average size for the apartment units is a generous 914 SF -- well in excess of market averages. $1770/unit is the average rental price. The oversized apartment homes feature modern fit + finish kits including high ceilings, window treatments, stone countertops, carpeted bedrooms with spacious closets, sleek LVP flooring in kitchens and living areas, custom shaker cabinetry and contemporary bath suites. Keyless entry and digital high-tech security intercoms provide a seamless building access experience. A fully-equipped business lounge and entertainment center are located on the ground floor, providing 24-hr access and enjoyment for residents immediately upon entering the building -- similar to the look and feel of a luxury boutique hotel -- complete with with MAC desktop stations, a full-sized wet bar, deluxe furnishings, televisions, fireplace, coffered ceilings, wallpapered surrounds and local artwork. A fully-equipped fitness center is located in the lower level as well. Located on the historic cobbles of Germantown Avenue with amenities in abundance (all within walking distance), Pelham Place Apartments represents one of the finest acquisition opportunities in the Greater Philadelphia MSA to purchase a "like new" construction stabilized asset in an "in-demand" Philly neighborhood at a value well below replacement cost. 10 year tax abatement. Buyer responsible for verifying taxes, SF, financials in DD.

PAPH2387150

MLS ID

August 22, 2024

Listed

October 3, 2024

Updated

Map

6610-12 Germantown Ave
Philadelphia PA, 19119

Interior Features

Total Stories

4


Interior Features

Elevator


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.36 Acres


Roof

Fiberglass


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$9,083


Tax Frequency

Annually


Days on Market

43


Garage

No


Parking Total

5


View

Yes


View Description

City, Trees/Woods


County

PHILADELPHIA


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/22/2024

Active

Listed by Keller Williams Liberty Place
Listing Contact: 6106061095 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/3/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/3/2024 at 8:10 PM UTC

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