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GrandView West Apartments, a Class A, 34-unit apartment building in Philadelphia's University City, presents a compelling investment opportunity. This 42,256 square foot, four-story building, constructed in 2018, boasts a mix of one commercial unit, two one-bedroom, twenty-nine two-bedroom, and two three-bedroom apartments, averaging a generous 1,143 square feet each. The average unit rental price is $1,939. Modern finishes include high ceilings, stone countertops, carpeted bedrooms with spacious closets, and sleek LVP flooring. Building amenities include a fully-equipped fitness center, a deluxe lounge/bar/kitchen, keyless entry, and a digital security intercom system. Located at 3925 Haverford Avenue, Philadelphia, PA 19104, the property benefits from its proximity to major employers, including Penn and Drexel Universities, CHOP, and HUP, as well as the Schuylkill Yards innovation district. The building features a 950 square foot ground floor commercial space and a rooftop terrace with panoramic city views. A 10-year tax abatement is in place. The asking price is $9,000,000, representing $212.99 per square foot and $264,705.88 per unit. This turnkey asset offers exceptional value in a high-growth submarket. The property is zoned RM1.
Highlights
Brand-new, boutique multifamily property with desirable amenities.
Prime location near University of Pennsylvania, Drexel University, Children's Hospital of Philadelphia, and other major employers.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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