Property

Philadelphia, PA 19143 5542 Larchwood Avenue

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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2231770
  • 05/04/2023
  • Request Tour
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  • SQFT • 43,500

Home Details

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 buyers 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).
Presented By: Compass Pennsylvania, LLC

Interior Features for 5542 Larchwood Avenue

Other Interior Features

Central Air Y/NNo
Heating FuelNatural Gas, Other
Heating Y/NYes
Hot WaterNatural Gas, Other

General for 5542 Larchwood Avenue

AccessibilityNone
Association Fee0.00
Business TypeApartment Building, Other
Cap Rate6.51
CityPHILADELPHIA
Construction MaterialsBrick
Cool FuelOther
CoolingOther
CountyPHILADELPHIA
Directions35 property package. Contact Co-Listing Agent Martin Goldfarb for the property list and showing instructions.
Electric Expense0.00
ExclusionsTenants' property.
Fuel Expense0.00
HeatingOther
Insurance Expense23722.00
Lot Size Square Feet0.00
Lot Size UnitsSquare Feet
MLS Area19143 (19143)
MaintenanceExpense17500.00
ModificationTimestamp2025-02-26T14:19:40
MunicipalityPHILADELPHIA
Net Operating Income455660.79
New ConstructionNo
OwnerPaysTaxes - Real Estate
OwnershipFee Simple
PossessionOther
Price Per Sq Ft Total AG86.21
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameCOBBS CREEK
Tax Annual Amount51721.21
Tax Assessed Value1.0
Tax Year2023
Total Actual Rent548604.00
Trash Expense0.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningRSA-5

Exterior for 5542 Larchwood Avenue

Building Area Total43500.00
Car Parking Spaces
InclusionsAll appliances.
Lot Size Acres0.00
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Ebonie Clerier

Associate
Price $3,750,000
MLS#PAPH2231770
List Date 05/04/2023
Property Type Commercial
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