2600 Girard AvePhiladelphia, PA 19130

Property Details for 2600 Girard Ave

Property size (Sq ft)

15,000 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

The Bordeaux Apartments, a stunning new construction mixed-use property in Philadelphia's Brewerytown neighborhood, presents an exceptional investment opportunity. This 15,000 square foot building boasts 16 modern apartment units – a mix of studios, one-bedroom, and two-bedroom layouts – and two commercial spaces, creating a diverse revenue stream. Each apartment features high-end finishes, including high ceilings, large windows, and in-unit washer/dryers. The building's 14,184 square feet of net rentable space commands a price of $366.60 per square foot, resulting in a compelling $5,499,000 asking price and a strong 6.14% capitalization rate. The current Net Operating Income (NOI) stands at $414,514, with each unit priced at $305,500. Conveniently located just 10 minutes from Downtown Philadelphia, residents enjoy easy access to the city's attractions. The property benefits from its location in a revitalized historic area, surrounded by popular restaurants like Rybrew and notable landmarks such as Eastern State Penitentiary and the Philadelphia Museum of Art. Further enhancing its appeal, the property has 9 years remaining on its full tax abatement. This is a rare chance to acquire a high-performing asset in one of Philadelphia's most dynamic and up-and-coming neighborhoods. The property is located at 2600 W Girard Ave, Philadelphia, PA 19130.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9738

Longitude

-75.1791

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