Golf Course
Address
35 Property Portfolio,, Philadelphia, PA
Price
$ 7,000,000
Property Attributes
- MLS#PAPH2231852
- TypeMulti-Family
- CountyPHILADELPHIA
- 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 |
| County | PHILADELPHIA |
| 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 |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
| 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 |
Amenities
- 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
Price
Taxes
Visits
Year Built
Walkscore
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