5542 Larchwood Ave, Philadelphia, PA, 19143

5542 Larchwood Ave, Philadelphia, PA, 19143 < >
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for sale
$5,250,000
Square Feet:43500
Year Built:1920
Status:Active
MLS #:PAPH2231770
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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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).
Interior Details
Building Total SQFT: 43500.00

Exterior Details
Lot Size Acres: 0.00Lot SQFT: 0.00

Community Information
County: PHILADELPHIACross Street: Multiple.
Municipality: PHILADELPHIASubdivision Name: COBBS CREEK
Zoning: RSA-5

Property Information From MLS Data
Accessibility Features: NoneBusiness Type: Apartment Building, Other
DOM: 358MLS Area: 19143 (19143)
New Construction YN: NProperty Sub Type: Five Or More Units
Year Built: 1920

Utilities
Cooling Type: OtherHeating Type: Other
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
Co List Agent Full Name: Martin W Goldfarb
List Agent Full Name: Jeffrey Block
List Office Name: Compass Pennsylvania, LLC
List Office Phone: 2674358015

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Monthly Payment for 5542 Larchwood Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$5,250,000
Down Payment:
Loan Amount:$4,200,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Jeffrey Block, Compass Pennsylvania, LLC

Information obtained from Bright MLS is current as of 4/30/2024 2:29 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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