Back to listing

Full details for Other For Sale in Philadelphia, Pennsylvania

Photos

1/40
Property photo 1
2/40
Property photo 2
3/40
Property photo 3
4/40
Property photo 4
5/40
Property photo 5
6/40
Property photo 6
7/40
Property photo 7
8/40
Property photo 8
9/40
Property photo 9
10/40
Property photo 10
11/40
Property photo 11
12/40
Property photo 12
13/40
Property photo 13
14/40
Property photo 14
15/40
Property photo 15
16/40
Property photo 16
17/40
Property photo 17
18/40
Property photo 18
19/40
Property photo 19
20/40
Property photo 20
21/40
Property photo 21
22/40
Property photo 22
23/40
Property photo 23
24/40
Property photo 24
25/40
Property photo 25
26/40
Property photo 26
27/40
Property photo 27
28/40
Property photo 28
29/40
Property photo 29
30/40
Property photo 30
31/40
Property photo 31
32/40
Property photo 32
33/40
Property photo 33
34/40
Property photo 34
35/40
Property photo 35
36/40
Property photo 36
37/40
Property photo 37
38/40
Property photo 38
39/40
Property photo 39
40/40
Property photo 40

Description

Gold Star Apartments is a luxury rental apartment community containing 15 units located in the Spruce Hill neighborhood of West Philadelphia, Pennsylvania. As one of Philadelphiau2019s most academic and in-demand neighborhoods due to its strategic location, Cedar Park & Spruce Hill are only a few minutesu2019 walk the University of Pennsylvania, Drexel University, and University of the Sciences. Completed in early 2023, the mixed-use building consists of 15 units with an outstanding unit mix of (55%) one-bedroom units, (45%) two-bedroom units. Nearly all units contain a Juliet balcony with ample sunlight. Additionally, all units contain high-end kitchens, stainless steel appliances, modern baths, a washer/dryer, and ample closet space. The project also features a ground floor retail space perfectly suited for a coffee or ice-cream shop as well as (6) co-working spaces that have been well received by the market. Lease-up Status: with a high-occupancy sub-market, the project has commenced itu2019s initial lease up with strong absorption with an average in-place rent of $1,565 for one-bedroom and $2,185 for two-bedrooms. Completed in early 2023, 13 of the 15 units are leased with the remaining two expected to be leased shortly. The property also benefits from a full tax abatement for the next 10-years Back to listing
arrow