Description

Introducing: GRANDVIEW WEST. This exceptionally-designed, 42,256 SF multifamily investment property is a turnkey blue-chip apartment building offered substantially below replacement costs in a national high-growth submarket (University City Philadelphia). Anchored by ground floor commercial space (950 SF), 33 apartments rise 4 storeys up to a rooftop terrace with panoramic vistas of Downtown Philly and the surrounding University City cityscape. The unit matrix includes one (1) commercial unit, two (2) 1bd, twenty-nine (29) 2bd, and two (2) 3bd apartments. Average size for the apartment units is a generous 1,143 SF — well in excess of market averages. $1939/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 fitness center and deluxe lounge/bar/kitchen are located on the ground floor, providing 24-hr access and enjoyment for residents. Positioned on Haverford Avenue (just off Lancaster Avenue—main commercial corridor), everything in Philly is within walking distance of GRANDVIEW WEST. Situated in UCITY, Philadelphia's fastest-growing powerhouse economic district, GRANDVIEW WEST Apartments represents one of the finest acquisition opportunities in the Greater Philadelphia MSA to purchase a "like new" construction stabilized asset in a coveted Philly neighborhood. “EDS & MEDS”: Penn and Drexel are nearby, as well as Schuylkill Yards, Spark Therapeutics, Amtrak's 30th St Station, HUP, CHOP, Science Center + more — the region's leading higher education institutions, innovation districts, biomed + life sciences and top-tier employers are immediately accessible to GRANDVIEW WEST, providing rentability ease + investment certainty for Ownership. 10 year tax abatement.