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Rick Sanderson Jr

rick@sandersonsells.com +1(856) 905-0830

Listed by Ryan J McManus • Keller Williams Liberty Place

$ 9,500,000

Est. payment -/mo

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Under Contract

6610-12 GERMANTOWN AVE Philadelphia, PA 19119

51,835 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 51,835 sqft

Price per Sqft $183

MLS Listing ID PAPH2387150

Year Built 2017

Available Date 2024-08-30

Annual Tax Amount $16,201

Tax Year 2025

Lot Size 0.363 Acres

Acres 0.36

Lot Dimensions 87.00 x 182.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19119 (19119)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank, Carpet

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Water Access N

View City, Panoramic, Scenic Vista, Trees/Woods

Roof Type Fiberglass

Accessibility Elevator

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 881050806

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras,Intercom

Special Listing Condition Standard

Rick Sanderson Jr

Agent | License ID: 0790603

+1(856) 905-0830

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Rick Sanderson Jr

6610-12 GERMANTOWN AVE Philadelphia, PA 19119

Key Details

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Exterior

Building

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Others

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6610-12 GERMANTOWN AVE

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