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SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire 1730-32 W Girard Avenue, a newly renovated twelve-unit multifamily asset located in Philadelphia's vibrant Fairmount neighborhood. This ≈10,000-square-foot property spans two separate buildings on a 3,668-square-foot lot, offering twelve fully occupied residential units with one parking spot Each apartment features high-end finishes, including high ceilings, hardwood flooring, central air, and large windows that allow natural light to flood the interiors. The property benefits from six years remaining on its tax abatement and is situated within a Qualified Opportunity Zone, providing potential tax advantages for investors. Additionally, the property presents a value-add component, with a potential 10.81% increase in rental income by adjusting rents to market rates. 1730-32 W Girard Avenue is ideally located with unparalleled access to the cultural and recreational offerings of Fairmount. Residents enjoy proximity to the Schuylkill River Trail, one of Philadelphia's most popular destinations for jogging, biking, and walking, as well as the vibrant restaurants, bars, and shops lining Fairmount Avenue. The property is also well-connected to public transportation, with the Girard Avenue & Ridge Avenue transit stop just steps away, offering easy access to the Broad Street Line and multiple SEPTA routes. The Fairmount neighborhood is a cultural and residential rental hub, attracting a diverse range of tenants seeking a blend of urban living and community charm. Its proximity to Center City, major universities, and cultural landmarks makes it an ideal location for professionals, students, and families alike. This offering presents a unique opportunity to acquire a stabilized, high-quality asset in one of Philadelphia's most desirable neighborhoods, with significant upside potential through continued strong rental demand and favorable tax incentives.
| DAYS ON MARKET | 1 | LAST UPDATED | 1/29/2025 |
|---|---|---|---|
| TRACT | FRANCISVILLE | YEAR BUILT | 1915 |
| COMMUNITY | 19130 (19130) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19130 (19130) |
| HEAT | Central, Natural Gas |
| LOT | 3485 sq ft |
| PARKING | On Street |
| SEWER | Septic Tank, Public Sewer |
| STORIES | 3 |
| SUBDIVISION | FRANCISVILLE |
| TAXES | 2399 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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