Golf Course
Listed By:
Compass Pennsylvania, LLC
35 Property Portfolio,, Philadelphia, PA
$ 7,000,000
Property Attributes
  • MLS#PAPH2231852
  • TypeMulti-Family
  • CityPhiladelphia
  • Area19143
  • NeighborhoodCobbs Creek
  • Zip19143
  • Style
  • Year Built1920
  • Taxes$ 51721
  • Price$ 7,000,000
  • Bedrooms105
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Bright MLS
Property Description

A fantastic opportunity to acquire a premium, fully occupied, and well managed portfolio of 35 single-family properties centered in the burgeoning Cobbs Creek neighborhood in West Philadelphia. All 35 parcels are situated in a tight geographic area ideal for management and enhanced economies of scale. In a red hot neighborhood with some under-valued rents and significant capital appreciation opportunity. If desired, enjoy the flexibility to improve and/or spin-off certain assets and hold the rest. The current NOI is $455,660.79. Professionally managed package (property manager can remain, at buyers option). These fully occupied 35 townhomes present an advantageous investment opportunity in a rapidly improving West Philadelphia neighborhood, close to amenities, public transportation, Cobbs Creek Trail, and other developments. Inclusive of those developments is a $65 million commitment by the city of Philadelphia, The Cobbs Creek Foundation, and The TGR Foundation (founded by Tiger Woods) to revamp the existing golf course (Philadelphia's oldest course), enhance the public space, and create an educational campus for local youth. The Cobbs Creek Environmental Center has also planned significant improvements. NOTE--27 3BR homes, seven 4BR homes, one 5BR home.

Price History
5/4/2023 Listed $7,000,000

General Features

Accessibility None
Architectural Style Other
Construction Materials Brick
Cool Fuel Other
Cooling Other
Exclusions Tenants Property
Garage Y/N No
Heating Other
Lot Size Square Feet 0.00
MLS Area 19143 (19143)
New Construction No
Other Structures Above Grade, Below Grade
Percent Ownership Fee Simple
Pool Y/N No Pool
Possession Negotiable, Other
Price Per Sq Ft 160.92
Property SubType Other
Property Type Multi-Family
School District 300200397108
Sewer Public Sewer
Structure Type Other
Subdivision Name COBBS CREEK
Tax Annual Amount 51721.0
Tax Lot 92
Tax Year 2023
Total Units 4
Trash Expense 0.00
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning RSA-5

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas, Other
Heating Y/N Yes
Hot Water Natural Gas, Other
Three Bedroom Units Count 35

Exterior Features

Days on Market 33
Living Area 43500
Inclusions All appliances
Lot Dimensions 15.00 x 111.00
Lot Size Acres 0.00
Lot Size Source Estimated
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19143

AVG $710K
AVG $6,083
AVG 57
Year Built
AVG 1927
AVG 73
Data Provided by Walkscore ® not using MLS data

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