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2101-09 Westmoreland St Philadelphia, PA 19134

Prime Philadelphia Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional redevelopment opportunity in Philadelphia, PA, featuring two buildings totaling 59 units. This Class A multifamily property, located at 2101-09 E Westmoreland Street, boasts 42,635 square feet across two four-story buildings situated on a 19,166 square foot lot. Building #1 comprises approximately 42,825 square feet with 48 market-rate units and 33,519 square feet of leasable space, while Building #2 offers approximately 12,033 square feet with 11 market-rate units and 9,137 square feet of leasable space. The property includes 18 leasable parking spaces, including one ADA-compliant space. A significant advantage is the remaining 24-month builder abatement and a 10-year, 100% tax abatement currently in place. The property is zoned ICMX (Industrial Commercial Mixed-Use) by the City of Philadelphia. All necessary civil engineering and architectural plan approvals are secured, and geotechnical and environmental reports are available for review. This is a turnkey opportunity for investors seeking a high-return multifamily asset in a desirable Philadelphia location. APN: 884201435.

Highlights

  • 59 total multifamily units
  • Building #1: Approx. 42,825 SF, 48 market-rate units, 33,519 SF leasable space
  • Building #2: Approx. 12,033 SF, 11 market-rate units, 9,137 SF leasable space
  • 24-month remaining builder abatement
  • 10-year, 100% tax abatement
  • 18 leasable parking spaces (1 ADA compliant)

Property Details for 2101-09 Westmoreland St

Property type
Apartment buildings
Square Feet
42,635 SF
Class
A
Buildings
2
Stories
4
Units
59

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.99365
Longitude
-75.107016

FAQs

What type of property is this?
Apartment building - Prime Philadelphia Multifamily Investment
Where is the apartment building located?
The property is located at 2101-09 Westmoreland St Philadelphia, PA.
What are key features of this property?
This property features: 59 total multifamily units; Building #1: Approx. 42,825 SF, 48 market-rate units, 33,519 SF leasable space; Building #2: Approx. 12,033 SF, 11 market-rate units, 9,137 SF leasable space
How can I contact the broker?
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2101-09 Westmoreland St
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