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27408737
27408758

2015-2019 N College Ave, Philadelphia, PA 19121

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team
$2,600,000
240 days on market
Updated 30 days ago
Opportunity zone

COLLEGE NINE

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,295
Units 9
Cap Rate 6.10%
Occupancy 100%
Price per SqFt $280
Class A
Year Built 2021
Buildings 3
Lot Size (SqFt) 4,176
Investment Type Stabilized

2015-2019 N College Ave

Marketing description

Welcome to College Nine, a boutique collection of three (3) turnkey new construction triplexes built in 2021, located along historic College Avenue in the booming Brewerytown section of Philadelphia, Pennsylvania. College Nine is easily walkable to all amenities, bars, breweries, restaurants and cafes along Girard Avenue commercial corridor. Each building contains three units; the lower unit (Unit 1) is bilevel and composed of 3bd x 3ba and a private back patio. Upper units (Units 2 and Unit 3) are composed of 1bd x 1ba full-floor layouts (flats), each with their own balcony. Historically a fully-leased apartment property — this is high-demand real estate in a "Top-10 USA" MSA — the #1 destination to visit in the world for 2026. Redbrick curb appeal. Stylish, spacious units. Park-like setting. FULL 10 year tax abatement coupled with minimal OPEX. Above-average rent growth and appreciation forecast for years to come in this emerging submarket of Philly. 6.1% pro forma cap rate. Easy access into downtown Philly. Just 10 minutes to City Hall, the urban core. The scenic location overlooks historic Girard College — a Philadelphia institution. Ideal 1031 exchange. Enquire within for financials.

Investment highlights

  • TOP 10 USA MSA

  • TURNKEY MULTIFAMILY

  • SCENIC SETTING OVERLOOKING GIRARD COLLEGE FIELDS

  • EASY ACCESS TO AMENITIES

  • BOUTIQUE APARTMENT PROPERTY

Listing Contacts

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team

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Additional Information

Name
Agent PHL
License
Pennsylvania RS316262
Brokerage Phone
6106061095
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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