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1424 Germantown Ave
Philadelphia, PA 19122 Olde Kensington

$3,650,000 USD

Apartments For Sale • 8,328 SF

Property Details

Property Type Apartments
Total Building Size 8,329 SF
Lot Size 0.03 AC
Building Class B
Year Built 2023
Zoning RM1

90 Transit Score

100 Walk Score

                
                    Highlights
                
                                Fully leased 9-unit newer-construction multifamily asset
                            
                                $262,260 annual gross rental income
                            
                                Low RE Taxes with 7 years in remaining Tax Abatement
                            
                                Fully leased and stabilized with immediate in-place income
                            
                                Typical residences are approximately 886 SF, with Unit 3 offering approximately 1,368 SF across a multi-level layout
                            
                                2 income-producing parking spaces

Major Tenants

Tenant	SF Occupied	Lease End Date
Vikara - 1424 Germantown Ave

Amenities

Air Conditioning
Controlled Access
Tenant Controlled HVAC
Heating
Kitchen
Refrigerator
Oven
Tub/Shower
Roof Terrace
Public Transportation
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Philadelphia 30th Street (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	11 min	-	3.9 mi
Cherry Hill (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	21 min	-	8.3 mi
Transit/Subway	Drive	Walk	Distance
Girard and Front (15 Line) (Route 15 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	4 min	10 min	0.5 mi
Girard (MFL) (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	4 min	10 min	0.5 mi
Berks (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	4 min	16 min	0.8 mi
Temple University (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	5 min	18 min	0.9 mi
Spring Garden (MFL) (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	6 min	19 min	0.9 mi
Airport	Drive	Walk	Distance
Philadelphia International	23 min	-	14.7 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	2
Type:	Reserved
Included in Rent:	No

Reda Akbil 267-205-1369 Compass Commercial

1424 Germantown Ave Philadelphia, PA 19122 Olde Kensington