Exclusive sale of a 2 building value-add apartment building portfolio. The sale includes 914 Pine St., a 6 unit
building, and 1331 Pine St., a 4 unit building with 1 parking space. The properties present a fantastic value add opportunity as a buyer can increase rents by updating kitchens, bathrooms and building common areas. Located in Washington Square West, one of Philadelphia’s premier neighborhoods, the
properties are in close proximity to many restaurants, shops and Center City.
The Properties:
• 914 Pine Street Street (6 Units) & 1331 Pine Street (4 Units + 1 parking space)
The Opportunity:
• 10-unit value add apartment portfolio, + 1 parking space
• High barrier of entry location into one of Philadelphia’s most highly-sought after neighborhoods
• A value-add opportunity: A new owner may obtain significant rental increases by upgrading kitchens and baths
• Both properties are contributing properties on the Philadelphia Historical Register
The Location:
• Walk To Work/Transit Friendly
• Outstanding neighborhood amenities conducive to today’s “live-work-play” tenants
• Excellent demographics: Center City core average household income more than $100,000
• Occupancy History: Washington Square West market 94% To 98% with occupancy