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.

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
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (98)

PROPERTY TAXES

ZONING

Zoning Code CMX-2
  • Listing ID: 34479452

  • Date on Market: 2025-01-14

  • Last Updated:

  • Address: 3925 Haverford Ave, Philadelphia, PA 19104