Minerva Court | 130-146 Garrett Rd
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Minerva Court 130-146 Garrett Rd
64 Unit Apartment Building $9,551,824 CAD ($149,247 CAD/Unit) 6.34% Cap Rate Upper Darby, PA 19082
Investment Highlights
- Residential units: 15 Studios, 33 One Bedrooms, 8 Two Bedrooms
- Recent Renovations: $250,000 invested in apartment upgrades
- Occupancy: 89% residential, 100% retail
Executive Summary
Trophy Commercial Real Estate LLC is pleased to present the opportunity to acquire the fee simple interest Minerva Court Apartments. The property at 130-146 Garrett Road, Upper Darby, PA offers a unique opportunity to acquire a mixed-use building in a thriving location. The building comprises 56 apartment units with a mix of Studios, One Bedrooms and Two Bedrooms and 6,700 square feet of retail space in 8 separate suites. The residential units are currently 89% leased, while the retail space enjoys full occupancy with longtime tenants. The property’s location near the 69th Street Transportation Center makes it particularly desirable for commuter tenants, contributing to its sustained occupancy rates and rent growth.
The building has undergone recent renovations totaling approximately $250,000, enhancing the appeal and marketability of the residential units. The improvements include new appliances, flooring, and countertops. Minerva Court presents the new owner with the potential for value appreciation by completing the existing renovation plan and raising rents.
The building has undergone recent renovations totaling approximately $250,000, enhancing the appeal and marketability of the residential units. The improvements include new appliances, flooring, and countertops. Minerva Court presents the new owner with the potential for value appreciation by completing the existing renovation plan and raising rents.
Property Facts
| Price | $9,551,824 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $149,247 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.69 AC |
| Cap Rate | 6.34% | Building Size | 52,800 SF |
| No. Units | 64 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1925 |
| Price | $9,551,824 CAD |
| Price Per Unit | $149,247 CAD |
| Sale Type | Investment |
| Cap Rate | 6.34% |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 52,800 SF |
| Average Occupancy | 91% |
| No. Stories | 4 |
| Year Built | 1925 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | 450 |
| 1+1 | 31 | - | 600 |
| 2+1 | 16 | - | 900 |
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 16-04-00587-00 | Improvements Assessment | $3,712,651 CAD |
| Land Assessment | $294,364 CAD | Total Assessment | $4,007,015 CAD |
PROPERTY TAXES
Parcel Number
16-04-00587-00
Land Assessment
$294,364 CAD
Improvements Assessment
$3,712,651 CAD
Total Assessment
$4,007,015 CAD
zoning
| Zoning Code | C3, Upper Darby Twp (Commercial) |
| C3, Upper Darby Twp (Commercial) |
-
Saam Tashayyod -
Trophy Commercial Real Estate
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Minerva Court | 130-146 Garrett Rd
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