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Rittenhouse Apartment Portfolio

Philadelphia, Pennsylvania Etats-Unis
Prix attendu Prix : Nous contacter
Revenu net Revenu net N/A
Taux de capitalisation N/A
Prix attendu Prix : Nous contacter
Revenu net Revenu net N/A
Taux de capitalisation N/A

Documents

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Caractéristiques

Année de construction 1900
Taille de la propriété
Number of units 24

Description de la propriété

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire 262-4 S. 21st Street & 2017 Walnut Street (the “Properties” or the “Portfolio”) a 24 unit, multi-housing portfolio with one ground floor commercial space located in the heart of the prestigious Rittenhouse neighborhood of Center City, Philadelphia. The properties were partially renovated in 2017, setting the stage for new ownership to capitalize on the current $475 premium across the remaining 63% of units. This Portfolio offers a rare opportunity to acquire three well maintained assets in the heart of Philadelphia’s most sought after and wealthiest neighborhood.

Informations clés concernant l'investissement

Value-Add Opportunity

  • 63% of the units are unrenovated and well positioned to be elevated to a luxury scope. As currently positioned, renovated units are achieving an average rental premium of $475 affording new ownership the opportunity to continue the streamlined renovation program and capitalize on the associated premiums.

Significant Capital Infusion

  • Current ownership has invested over $1M of capital into kitchens and bathrooms, the electrical systems, sprinklers, fire systems, HVAC, and basement, affording new ownership the opportunity to focus on revenue generating capital projects. Additional opportunity exists to add amenities such as rooftop space, package delivery systems, bike racks, and more to align the Portfolio with its competitive set.

Rittenhouse Square Location

  • The Portfolio is situated in Philadelphia’s most desirable neighborhood, Rittenhouse Square, with a bevy of high-rise residences and some of the best fine dining experiences in the city. Residents can marvel at their options while also enjoying the luxury retail shopping in the area, all of which surrounds the tree-filled park in Rittenhouse Square.


Last Updated Date: 02 Nov 2020
Carl Fiebig
Carl Fiebig
Managing Director, Capital Markets
Détenteur d'une licence en
PA - RS320618 MD - 5000439

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DÉCLARATION DE CONFIDENTIALITÉ 

Jones Lang LaSalle (JLL), ainsi que ses différentes filiales et entités, est une société internationale leader du conseil en immobilier d'entreprise. Nous prenons la responsabilité de protéger avec la plus grande rigueur les informations personnelles qui nous sont confiées. 

En règle générale, les informations que nous recueillons sur vous nous permettent de traiter ou de répondre à votre demande. 

Nous nous engageons à conserver les informations personnelles qui nous sont confiées, avec le niveau de sécurité approprié, et aussi longtemps que nous le jugerons nécessaire pour toute raison professionnelle ou légale. Nous supprimerons ensuite vos données de manière sûre et sécurisée. À tout moment, vous avez la possibilité d’affiner vos préférences en termes de communication et de vous désabonner. 

Pour plus d'informations sur la manière dont JLL traite vos données personnelles, veuillez consulter notre déclaration de confidentialité.

Last Updated Date: 02 Nov 2020

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