303 North 65 Street; Philadelphia, PA 19139
- Price$ 2,600,000
- Property TypeMulti Unit Housing
- NeighborhoodHaddington/West Phila
- Number of Units49
- Lot Size0.7 acres
- Price/Unit$ 53,061
- Year Built1900
- Value Add Opportunity
- Below Market Rents
- Quiet Residential Location in West Philadelphia
- Conveniently Located Near Major Arteries, Public Transportation and Shopping
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Scenic Apartments, three apartment communities all located within a one block radius of each other in the Haddington neighborhood of West Philadelphia. The Haddington neighborhood is comprised of mostly two-story rowhomes with borders that are defined as Haverford/Girard Avenue to the North, 52nd Street to the East, Market Street to the South and 67th Street to the West. The Haddington neighborhood is experiencing major demographic changes with students and faculty from the University City area of Philadelphia expanding towards this neighborhood due the tremendous rental rate increases in University City.
The three buildings were built from the late 1870’s to the early 1930’s and are all located on a quiet residential street with convenient access to public transportation. Scenic Apartments offer a desirable unit mix with studios (54%) and the balance of the units one-bedroom, two-bedroom and three-bedroom units. The property has a garage space that is currently leased for $300 per month and a commercial space that is close to signing a lease.
Scenic Apartments presents an outstanding opportunity to acquire 48 units in an expanding area just outside of University City in Philadelphia.
Tel: (215) 454-2852 EXT 1001
Cell: (267) 760-3726
License: PA RS279134 / DE RS0016407
Tel: (215) 454-2852 EXT 1002
Cell: (610) 745-4800
License: PA RS289487 / NJ 1005492
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