Description
A fantastic opportunity to acquire a premium, fully occupied, and well managed portfolio of 35 single-family properties centered in the burgeoning Cobbs Creek neighborhood in West Philadelphia. All 35 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. The current NOI is $455,660.79. Professionally managed package (property manager can remain, at buyer+GGs option). These fully occupied 35 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--27 3BR homes, seven 4BR homes, one 5BR home.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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43,500SQFT
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$161$/SQFT
Description
A fantastic opportunity to acquire a premium, fully occupied, and well managed portfolio of 35 single-family properties centered in the burgeoning Cobbs Creek neighborhood in West Philadelphia. All 35 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. The current NOI is $455,660.79. Professionally managed package (property manager can remain, at buyer+GGs option). These fully occupied 35 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--27 3BR homes, seven 4BR homes, one 5BR home.
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