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Kensington & Harrowgate Properties OM 9 Multifamily Properties Offered at $2,859,894 CAD in Philadelphia, PA
Executive Summary
Massive value add opportunity consisting of 9 total properties, totaling 29 residential apartments located in the Kensington & Harrowgate neighborhoods of Philadelphia, PA.
All apartments have below market rents providing the buyer the opportunity to renovate / modernize the apartments and bring the rents up to market, subsequently increasing the property value.
Three properties in the portfolio, 2922 Frankford Ave, 2924-26 Frankford Ave & 2928 Frankford Ave, are adjoined at the basement and first floor levels.
All apartments have below market rents providing the buyer the opportunity to renovate / modernize the apartments and bring the rents up to market, subsequently increasing the property value.
Three properties in the portfolio, 2922 Frankford Ave, 2924-26 Frankford Ave & 2928 Frankford Ave, are adjoined at the basement and first floor levels.
Property Facts
| Price | $2,859,894 CAD | Number of Properties | 9 |
| Price / SF | $120.55 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.40% | Total Building Size | 23,724 SF |
| Sale Type | Investment | Total Land Area | 0.32 AC |
| Status | Active |
| Price | $2,859,894 CAD |
| Price / SF | $120.55 CAD / SF |
| Cap Rate | 6.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 23,724 SF |
| Total Land Area | 0.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2924-2926 Frankford Ave, Philadelphia, PA 19134 | Multifamily | 6,060 SF | 1915 | - |
| 3353 Kensington Ave, Philadelphia, PA 19134 | Multifamily | 3,604 SF | 1915 | - |
| 2928 Frankford Ave, Philadelphia, PA 19134 | Multifamily | 2,868 SF | 1915 | - |
| 2922 Frankford Ave, Philadelphia, PA 19134 | Multifamily | 2,720 SF | 1915 | - |
| 3403 Frankford Ave, Philadelphia, PA 19134 | Multifamily | 2,640 SF | 1910 | - |
| 3405 Frankford Ave, Philadelphia, PA 19134 | Multifamily | 1,736 SF | 1910 | - |
| 3351 Kensington Ave, Philadelphia, PA 19134 | Multifamily | 1,736 SF | 1910 | - |
| 1911 E Cambria St, Philadelphia, PA 19134 | Multifamily | 1,200 SF | 1920 | - |
| 1909 E Ontario St, Philadelphia, PA 19134 | Multifamily | 1,160 SF | 1910 | - |
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Kensington & Harrowgate Properties OM
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