5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143

Other
THB ฿126,361,699
USD $3,750,000
Published on: 04 May 2023
Last updated on: 16 Jan 2025
5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143
5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143
5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143
+20
5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143
  • 20
Property ID: 110084119619
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Commercial - PHILADELPHIA, PA

5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143
A fantastic opportunity to acquire a premium and well managed portfolio of 25 single-family properties centered in and around the burgeoning Cobbs Creek neighborhood in West Philadelphia. All 25 parcels (21 are occupied and 4 are vacant), 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. Professionally managed package (property manager can remain, at buyer’s option). These 25 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--24 three-bedroom homes and 1 four-bedroom home. The full 25-property portfolio includes (with their OPA Account #’s): 1410 N Hirst Street, (342327100). 1633 N 60th Street, (342196000). 1847 S 54th Street (512085600). 516 S 59th Street, (032198600). 5355 Irving Street, (603054300). 5513 Irving Street, (604057300). 5542 Larchwood Avenue, (463004200). 5624 Rodman Street, (463031900). 5639 Montrose Street, (463141400). 5642 Broomall Street, (513114000). 5717 Addison Street, (604126500). 5731 Rodman Street, (463029200). 5734 Rodman Street, (463035200). 5745 Addison Street, (604127900). 5752 Pemberton Street, (463072700).5757 Walton Street, (463081300). 5787 Stewart Street, (043219500). 5816 Washington Avenue, (033113800). 5908 Christian Street, (033063200). 5910 Webster Street, (033030300). 6021 Christian Street, (033053800). 6037 Irving Street, (031103100). 6111 Irving Street, (031104700). 6137 Locust Street, (031089100). 629 N Frazier Street, (043062900).

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Year Built
1920
Architecture Style
Other
County
PHILADELPHIA
Provider
Bright MLS
Subdivision
Cobbs Creek
Brokerage Office Name
Compass
Neighbourhoods
PHILADELPHIA
Address
5542 LARCHWOOD AVENUE, PHILADELPHIA, PA 19143
Contact Agent
Jeff City Block
Compass Pennsylvania, LLC
1430 Walnut STREET, Philadelphia, PA 19102
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Jeff City Block
1430 Walnut STREET, Philadelphia, PA 19102
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      Property ID: 110084119619

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