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3205 Spring Garden st 48 Unit Apartment Building Offered at $26,421,021 CAD at a 6% Cap Rate Philadelphia, PA 19104
Executive Summary
An architectural masterpiece featuring 48 units and 133 beds. This building is the "Sustainability" flagship, featuring a green roof and eco-friendly design. It commands top-of-market rents due to its unique aesthetic and "Green" branding.
Located at 32nd & Spring Garden Street, this 4-story site covers approx. 50,176 SF. Amenities include an "Expresso Go" interactive bike studio and a green roof terrace. It is located steps from the Schuylkill River Park and Drexel’s athletic fields.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Located at 32nd & Spring Garden Street, this 4-story site covers approx. 50,176 SF. Amenities include an "Expresso Go" interactive bike studio and a green roof terrace. It is located steps from the Schuylkill River Park and Drexel’s athletic fields.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Property Facts
| Price | $26,421,021 CAD | Lot Size | 0.42 AC |
| Price Per Unit | $550,438 CAD | Building Size | 50,176 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 6% | Year Built | 2022 |
| No. Units | 48 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | RM-1 | ||
| Price | $26,421,021 CAD |
| Price Per Unit | $550,438 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 48 |
| Property Type | Multifamily |
| Lot Size | 0.42 AC |
| Building Size | 50,176 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 |
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Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 363100300 | Improvements Assessment | $313,405 CAD |
| Land Assessment | $78,351 CAD | Total Assessment | $391,756 CAD |
Property Taxes
Parcel Number
363100300
Land Assessment
$78,351 CAD
Improvements Assessment
$313,405 CAD
Total Assessment
$391,756 CAD
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3205 Spring Garden st
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