GrandView West 3925 Haverford Ave
35 Unit Apartment Building $12,874,396 CAD ($367,840 CAD/Unit) 6.60% Cap Rate Philadelphia, PA 19104
INVESTMENT HIGHLIGHTS
- Affordable Luxury Apartment Living: High-End Finishes at an Affordable Price Point
- Highly Amenitized Asset: Roof Deck, Outdoor Garden, Lounge, Gym and Dog Park
- Proximity to Major Institutions: Walk to Penn Presbyterian Medical Center, Drexel University, UCity Square, and the Science Center
- New Construction Asset: Little to No Deferred Maintenance; Turnkey Operation
- Rapidly Gentrifying Powelton Village Location: Increasing Development from University City Expansion
EXECUTIVE SUMMARY
GrandView West, consisting of 32 new apartment units and ground-floor commercial space, is situated in the Powelton Village neighborhood within walking distance of Penn Medicine’s Presbyterian Medical Center, UCity Square, and the Science Center.
The majority two-bedroom property utilizes a “student friendly market rate” leasing strategy boasting high-end finishes including LVT flooring in living areas, stainless steel appliances, stone countertops, subway tile backsplashes, and shaker-style cabinetry. Further, units feature in-unit washers/dryers, private balconies in most of the floor plans, and central HVAC. GrandView is fully amenitized offering residents a gym, lounge, roof deck, outdoor garden, and dog park.
GrandView’s residents are within walking distance of the Main Campus of Drexel University, the rapidly expanding UCity Square, Science Center, and Presbyterian Medical Center. Institutions that are all on the cutting edge of business, technology, and science both nationally and internationally.
GrandView West is located minutes from major thoroughfares including I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. A major light rail station at 40th and Market Street sits blocks away carrying commuters into Center City and the Philadelphia Suburbs via the SETPA Market-Frankford Trainline.
The majority two-bedroom property utilizes a “student friendly market rate” leasing strategy boasting high-end finishes including LVT flooring in living areas, stainless steel appliances, stone countertops, subway tile backsplashes, and shaker-style cabinetry. Further, units feature in-unit washers/dryers, private balconies in most of the floor plans, and central HVAC. GrandView is fully amenitized offering residents a gym, lounge, roof deck, outdoor garden, and dog park.
GrandView’s residents are within walking distance of the Main Campus of Drexel University, the rapidly expanding UCity Square, Science Center, and Presbyterian Medical Center. Institutions that are all on the cutting edge of business, technology, and science both nationally and internationally.
GrandView West is located minutes from major thoroughfares including I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. A major light rail station at 40th and Market Street sits blocks away carrying commuters into Center City and the Philadelphia Suburbs via the SETPA Market-Frankford Trainline.
PROPERTY FACTS
Price | $12,874,396 CAD |
Price Per Unit | $367,840 CAD |
Sale Type | Investment |
Cap Rate | 6.60% |
No. Units | 35 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.27 AC |
Building Size | 30,844 SF |
Average Occupancy | 100% |
No. Stories | 4 |
Year Built | 2018 |
Opportunity Zone |
Yes |
SITE AMENITIES
- Fitness Center
- Bicycle Storage
- Lounge
1 of 1
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 881818710 | Improvements Assessment | $8,310,151 CAD |
Land Assessment | $923,350 CAD | Total Assessment | $9,233,501 CAD |
ZONING
Zoning Code | CMX-2 |