6610-12 Germantown Avenue, Philadelphia, PA 19119-2276 $9,500,000

# of Units: 4
Interior Sq. Ft: 51,835
Acreage: 0.36
Age:8 years
Taxes: $9,083
MLS#: PAPH2414064
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

Taxes: $9,083
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: The School District Of Philadelphia

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

Contact Information

Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, klrw903@kw.com

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Listing data as of 2/24/2025.