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The Commons on Ludlow 4014 Ludlow St 55 Unité Immeuble d’appartements 17 748 079 $ CAD (322 692 $ CAD/Unité) 6,50% Taux de capitalisation Philadelphia, PA 19104
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Turnkey Opportunity: New Construction with No Deferred Maintenance
- Ed’s and Med’s Centric Location: Walk to UPenn, Drexel, CHOP, and HUP
- Access to Public Transit & Major Highways: Steps to Bus, Subway and Rail Lines; Convenient to I-76, I-95, and I-676
- Strong Absorption & Limited New Supply: Strong Absorption and Few New Deliveries Will Drive Rent Growth
- Abundant Neighborhood Amenities: Walk to Numerous University City Cafes, Bars, Restaurants & Shops
Résumé de l'annonce
The Commons on Ludlow at 4014 Ludlow Street (the “Property” or “Asset”). The Property is comprised of 55 new apartment units in the University City section of Philadelphia. The Asset boasts luxury finishes, including stone countertops, stainless steel appliances, shaker-style cabinetry, in-unit washers/dryers, attractive LVP flooring, farmhouse doors, and oversized windows.
This is a unique opportunity to acquire a turnkey new construction community in a strong location with upside through natural turnover, shrinking new supply, and management efficiency. Any new ownership can expect strong rent growth in a market dominated by Drexel University, the University of Pennsylvania, Penn Medicine, and the Children’s Hospital of Philadelphia. The Commons on Ludlow caters to professionals, graduate students, medical students, and residents studying and working at some of the best institutions in the country.
While The Commons on Ludlow was originally developed as a fully Short Term Rental asset, the need to pivot arose. The strong rental market in University City, coupled with the location, allowed current ownership to lease up nearly the entire building with long-term tenants (12-month leases) in short order, quickly restabilizing the property.
The University City submarket is adjacent to Center City Philadelphia, one of the most desirable neighborhoods in the country, with award-winning restaurants, shopping, and nightlife. Current and future tenants choose University City to be immersed in a vibrant culture surrounding some of the top U.S. institutions for research, medicine, business, law, and engineering.
The Property is located minutes from major transportation routes, including I-76, I-96, and I-676, providing unparalleled motor vehicle access throughout the Philadelphia MSA. The Property is public transit-oriented, positioned one-half of a block from 40th Street Station on SEPTA’s Market-Frankford Train Line. Commuters can use this train to access Center City Philadelphia, the surrounding suburbs, and NJ Transit in minutes.
This is a unique opportunity to acquire a turnkey new construction community in a strong location with upside through natural turnover, shrinking new supply, and management efficiency. Any new ownership can expect strong rent growth in a market dominated by Drexel University, the University of Pennsylvania, Penn Medicine, and the Children’s Hospital of Philadelphia. The Commons on Ludlow caters to professionals, graduate students, medical students, and residents studying and working at some of the best institutions in the country.
While The Commons on Ludlow was originally developed as a fully Short Term Rental asset, the need to pivot arose. The strong rental market in University City, coupled with the location, allowed current ownership to lease up nearly the entire building with long-term tenants (12-month leases) in short order, quickly restabilizing the property.
The University City submarket is adjacent to Center City Philadelphia, one of the most desirable neighborhoods in the country, with award-winning restaurants, shopping, and nightlife. Current and future tenants choose University City to be immersed in a vibrant culture surrounding some of the top U.S. institutions for research, medicine, business, law, and engineering.
The Property is located minutes from major transportation routes, including I-76, I-96, and I-676, providing unparalleled motor vehicle access throughout the Philadelphia MSA. The Property is public transit-oriented, positioned one-half of a block from 40th Street Station on SEPTA’s Market-Frankford Train Line. Commuters can use this train to access Center City Philadelphia, the surrounding suburbs, and NJ Transit in minutes.
Faits sur la propriété
| Prix | 17 748 079 $ CAD | Style d’appartement | De hauteur moyenne |
| Prix par unité | 322 692 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 3,00 AC |
| Taux de capitalisation | 6,50% | Taille du bâtiment | 22 720 pi² |
| Nombre d’unités | 55 | Nombre d’étages | 6 |
| Type de propriété | Immeuble residentiel | Année de construction | 2024 |
| Sous-type de propriété | Appartement | ||
| Zonage | CMX-4 | ||
| Prix | 17 748 079 $ CAD |
| Prix par unité | 322 692 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,50% |
| Nombre d’unités | 55 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Taille du lot | 3,00 AC |
| Taille du bâtiment | 22 720 pi² |
| Nombre d’étages | 6 |
| Année de construction | 2024 |
| Zonage | CMX-4 |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Comptoirs de granit
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
Commodités du site
- Accès contrôlé
- CVCA contrôlé par le locataire
- Recyclage
- Sans fumée
- Détecteur de fumée
1 1
Exceptionnellement praticable à pied
100/100
Assez facile d’accès en voiture
40/100
Transports en commun exceptionnels
100/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 881000389 | Évaluation des bâtiments | 10 743 165 $ CAD |
| Évaluation du terrain | 1 193 685 $ CAD | Évaluation totale | 11 936 850 $ CAD |
Impôts fonciers
Numéro de lot
881000389
Évaluation du terrain
1 193 685 $ CAD
Évaluation des bâtiments
10 743 165 $ CAD
Évaluation totale
11 936 850 $ CAD
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The Commons on Ludlow | 4014 Ludlow St
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