Active
5542 Larchwood Ave
Philadelphia PA, 19143
$3,750,000
$86.21 per sqft
Active
43,500 sqft
Commercial
Built in 1920
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).
PAPH2231770
MLSⓇ ID
May 4, 2023
Listed
December 11, 2024
Updated
Map
5542 Larchwood Ave
Philadelphia PA, 19143
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$51,721
Tax Frequency
Annually
Days on Market
588
Garage
No
Parking
On Street
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/29/2024 | Price change | $3,750,000 -12% |
9/18/2024 | Price change | $4,250,000 -11% |
6/27/2024 | Price change | $4,750,000 -10% |
4/25/2024 | Price change | $5,250,000 -8% |
11/9/2023 | Price change | $5,700,000 -13% |
Listed by Compass Pennsylvania, LLC
Listing Contact: 2158337088
The IDX display contains information sourced from the Bright MLS, Inc. as of 12/11/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 12/11/2024 at 10:51 PM UTC