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5542 LARCHWOOD AVENUE
PHILADELPHIA PA 19143 US

$5,250,000

Active Listing ID PAPH2231770
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$5,250,000

Active Listing ID PAPH2231770
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5542 LARCHWOOD AVENUE A fantastic opportunity to acquire a premium, fully occupied, and well managed portfolio of 31 single-family properties centered in and around the burgeoning Cobbs Creek neighborhood in West Philadelphia. All 31 parcels 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 fully occupied 31 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 3BR homes, six 4BR homes, one 5BR home. The full 31-property portfolio includes (with their OPA Account #’s): 131 N 55th Street (0411588000). 1410 N Hirst Street, (342327100). 1517 N 56th Street, (041349500). 1531 N Robinson Street, (342274100). 1633 N 60th Street, (3421960001234). 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). 5825 Angora Terrace, (034019500). 5837 Hoffman Avenue, (034039100). 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). 651 N Peach Street, (442340800).

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 5250000
  • unparsedaddress: 5542 LARCHWOOD AVENUE
  • postalcity: PHILADELPHIA
  • stateorprovince: PA
  • country: US
  • postalcode: 19143
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingareaunits: Square Feet
  • latitude: 39.952674
  • longitude: -75.233808
  • listagentfullname: Jeff City Block
  • listagentemail: jeff@jeffcityblock.com
  • listagentkey: 3yd-TRENDPA-3118483
  • listagentmlsid: 3118483
  • listagentpreferredphone: 2674358015
  • listagentofficephone: 2674358015
  • listofficekey: 3yd-TRENDPA-COMPASS1
  • listofficemlsid: COMPASS1
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1920
  • listingcontractdate: 2023-05-04
  • listagenturl: https://www.compass.com/
  • countyorparish: PHILADELPHIA
  • constructionmaterials: Brick
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.233808, 39.952674
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/TRENDPA/PAPH2231770/?channel=rexren", "LeadRoutingEmail":"jeff@jeffcityblock.com", "BrokerName":"Compass", "ListingTitle":"Commercial - PHILADELPHIA, PA", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"marianne.dillon@compass.com", "ListOfficeAddress1":"1430 Walnut STREET", "ListOfficeAddress2":"3", "ListOfficeCity":"Philadelphia", "ListOfficePostalCode":"19102", "ListOfficeStateOrProvince":"PA", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokerageEmail":"Support@Compass.com", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"90 Fifth Avenue", "ListBrokerageUnitNumber":"Floor 3", "ListBrokerageCity":"New York", "ListBrokerageStateOrProvince":"NY", "ListBrokeragePostalCode":"10011", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-25T17:58:45Z", "Neighborhoods":[{"Name":"PHILADELPHIA", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":51721.21, "TaxDescription":null}]}
Listing Changed: 4/25/2024 11:55:45 PM GMT
Source Updated Date: 4/28/2024 6:53:11 AM GMT

Courtesy of: Jeff City Block, Compass Pennsylvania, LLC, jeff@jeffcityblock.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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