Homes for sale - 5542 LARCHWOOD AVE, Philadelphia, PA 19143

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

$3,750,000

Est. payment - /mo

43,500 SqFt

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UPDATED:

12/11/2024 09:24 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 43,500 sqft

Price per Sqft $86

Subdivision Cobbs Creek

MLS Listing ID PAPH2231770

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $51,721

Tax Year 2023

Property Sub-Type Five Or More Units

Property Description

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).

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RSA-5

Interior

Hot Water Natural Gas, Other

Heating Other

Cooling Other

Inclusions All appliances.

Heat Source Natural Gas, Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 463004200

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Listed by Jeffrey Block • Compass Pennsylvania, LLC

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

5542 LARCHWOOD AVE Philadelphia, PA 19143

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

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