6610-12 Germantown Avenue, Philadelphia, PA 19119-2276 $9,500,000
Interior Sq. Ft: 51,835
Acreage: 0.36
Age:7 years
Taxes: $9,083
Design/Type:
Other
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.
GREEN ROOF
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Parking Lot
Interior
Carpet Flooring, Luxury Vinyl Plank Flooring, Accessibility - Elevator, Exterior Cameras, Intercom
Exterior
Fiberglass Roof, Masonry
Lot
Urban, City View, Panoramic View, Scenic Vista View, Trees/Woods View
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (90 schools)
Public Middle (16 schools)
Public High (32 schools)
Private (103 schools)
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This report is a detailed community overview for Philadelphia (19119), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $61,100
Community Summary
- Population Density (ppl / mile): 8,691
- Household Size (ppl): 2.32
- Households w/ Children: 46%
Housing Inventory
- Owned: 7,600 (57.4%)
- Rented: 4,185 (31.6%)
- Vacant: 1,453 (11.0%)
- Total: 13,238
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 4.4%
- High School Graduate: 20.6%
- Some College: 17.2%
- Associate Degree: 6.3%
- Bachelor's Degree: 22.9%
- Graduate Degree: 26.9%
Income by dollar range
Median Income: $64,237
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $663
- One Bedroom: $922
- Two Bedroom: $1,057
- Three Bedroom: $1,224
- Four Bedroom: $1,886
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-6086
Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, paul@teamoceanside.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.