The Residences at 3862 – University City/Powelton Village

3862 Lancaster Avenue; Philadelphia, PA 19104

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Property Details

  • Price-
  • Property TypeMulti Unit Housing
  • NeighborhoodUniversity City
  • Number of Units23
  • Lot Size0.15 acres
  • Price/Unit-
  • Price/Bedroom-
  • Year Built2014

Investment Highlights

  • New Construction: 10 Year Tax Abatement Commences 2016
  • University City/Powelton Village Location: Most Livable, Walkable and Bikeable Area of Philadelphia
  • Luxury Apartments: High Quality and Premium Finishes
  • Spacious Apartments: 711 Average SF Units with All 2 Bedrooms Offering 2 Bathrooms
  • Off-Street Parking: 8 Covered Parking Spaces
  • Outstanding Rental Pool: 54% of Residents Over 25 have a Bachelor’s or Advanced Degree
  • World Class Medical Facilities & Universities: University of Pennsylvania, Drexel University, Penn Medicine and the Children’s Hospital of Philadelphia

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in The Residences at 3862, a luxury rental apartment community featuring 22 apartments and one ground floor commercial unit, situated in Philadelphia, Pennsylvania. Located in the vibrant University City/Powelton Village section of Philadelphia, this area is well known for being home to some of the best educational facilities and hospitals in the world – University of Pennsylvania, Drexel University, Hospital of University of Pennsylvania (Penn Medicine), and Children’s Hospital of Philadelphia (CHOP). University City/Powelton Village is a livable, walkable, bikeable residential area of Philadelphia that is in a period of continuous growth and expansion.

 

Property Status

NOTE: This property is no longer available.

 



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