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32nd & Spring Garden 3207 Spring Garden St 48 Unit Apartment Building $25,849,690 CAD ($538,535 CAD/Unit) 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 | $25,849,690 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $538,535 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 6% | Building Size | 51,548 SF |
| No. Units | 48 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price | $25,849,690 CAD |
| Price Per Unit | $538,535 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.42 AC |
| Building Size | 51,548 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
Amenities
Unit Amenities
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
Site Amenities
- Fitness Center
- Security System
- Furnished Units Available
- Bicycle Storage
- Shuttle To Campus
- Key Fob Entry
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,649,346 CAD | |
| Land Assessment | $1,226,104 CAD | Total Assessment | $11,875,451 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,226,104 CAD
Improvements Assessment
$10,649,346 CAD
Total Assessment
$11,875,451 CAD
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32nd & Spring Garden | 3207 Spring Garden St
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