ACTIVE

5542 Larchwood Ave

Philadelphia PA, 19143

$5,250,000


$120.69 per sqft

ACTIVE

43,500 sqft

Commercial

Built in 1920

A fantastic opportunity to acquire a premium, fully occupied, and well managed portfolio of 31 single-family properties centered in and around the burgeoning Cobbs Creek neighborhood in West Philadelphia. All 31 parcels 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 fully occupied 31 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 3BR homes, six 4BR homes, one 5BR home. The full 31-property portfolio includes (with their OPA Account #'s): 131 N 55th Street (0411588000). 1410 N Hirst Street, (342327100). 1517 N 56th Street, (041349500). 1531 N Robinson Street, (342274100). 1633 N 60th Street, (3421960001234). 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). 5825 Angora Terrace, (034019500). 5837 Hoffman Avenue, (034039100). 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). 651 N Peach Street, (442340800).

PAPH2231770

MLS ID

May 9, 2024

Updated

Map

5542 Larchwood Ave
Philadelphia PA, 19143

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$51,721


Tax Frequency

Annually


Days on Market

358


Garage

No


Parking

On Street


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

4/25/2024

Price Change

$5,250,000

-8%

11/9/2023

Price Change

$5,700,000

-13%

Listed by Jeffrey Block, Martin W Goldfarb with Compass Pennsylvania, LLC
Listing Contact: 2158337088 

The IDX display contains information sourced from the Bright MLS, Inc. as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/9/2024 at 5:51 AM UTC

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