2220 Delancey Pl
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2220 Delancey Pl
5 Unit Block of Flats £1,019,733 (£203,947/Unit) 6% Net Initial Yield Philadelphia, PA 19103
Investment Highlights
- Convenient to Major Highways: Access to I-95, I-76, and I-676
- Proximate to Major Employers: Walking Distance of Comcast, CHOP, HUP, and the University of Pennsylvania
- Desirable Unit Mix: (1) Studio Unit and (4) One-Bedroom Units
- Abundant Neighborhood Amenities: Mix of Award-Winning Restaurants and Retail
- Turnkey Investment Opportunity: Renovated Unit Interiors and Common Areas
Executive Summary
On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 2220 Delancey Place located in the Fitler Square neighborhood of Center City Philadelphia (the “Property” or “Asset”). The Asset comprises 5 apartment units with (1) studio and (4) one-bedroom floor plans.
The Property presents new ownership with the opportunity to own a turnkey asset in the affluent Fitler Square neighborhood of Philadelphia. 2220 Delancey Place was recently renovated to include a stainless-steel appliance package, subway tile backsplashes, white shaker cabinetry, upgraded standup showers with rain showerheads, and improved lighting. The Property combines a luxury finish with the character of a historic brownstone walk-up.
The Property is in the middle of it all, servicing a growing tenant base looking for a location surrounded by restaurants, coffee shops, and nightlife. Tenants are within walking distance of Fitler Square, Rittenhouse Square, and the Schuylkill River Trail, adding an abundance of green space to a dense residential neighborhood.
2220 Delancey Place is minutes from major highway routes such as Interstate 76, 676, and 95 presenting unparalleled access throughout the Philadelphia MSA. Furthermore, tenants are a short walk into Center City and University City, home to major employers such as Comcast, Aramark, and the University of Pennsylvania Health System.
The Asset provides new ownership the prospect of acquiring a quality turnkey property that has and will continue to perform well into the future.
The Property presents new ownership with the opportunity to own a turnkey asset in the affluent Fitler Square neighborhood of Philadelphia. 2220 Delancey Place was recently renovated to include a stainless-steel appliance package, subway tile backsplashes, white shaker cabinetry, upgraded standup showers with rain showerheads, and improved lighting. The Property combines a luxury finish with the character of a historic brownstone walk-up.
The Property is in the middle of it all, servicing a growing tenant base looking for a location surrounded by restaurants, coffee shops, and nightlife. Tenants are within walking distance of Fitler Square, Rittenhouse Square, and the Schuylkill River Trail, adding an abundance of green space to a dense residential neighborhood.
2220 Delancey Place is minutes from major highway routes such as Interstate 76, 676, and 95 presenting unparalleled access throughout the Philadelphia MSA. Furthermore, tenants are a short walk into Center City and University City, home to major employers such as Comcast, Aramark, and the University of Pennsylvania Health System.
The Asset provides new ownership the prospect of acquiring a quality turnkey property that has and will continue to perform well into the future.
Property Facts
Price | £1,019,733 | Apartment Style | Low Rise |
Price Per Unit | £203,947 | Building Class | C |
Sale Type | Investment | Lot Size | 0.04 AC |
Net Initial Yield | 6% | Building Size | 3,105 SF |
No. Units | 5 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1900 |
Property Subtype | Apartment |
Price | £1,019,733 |
Price Per Unit | £203,947 |
Sale Type | Investment |
Net Initial Yield | 6% |
No. Units | 5 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.04 AC |
Building Size | 3,105 SF |
Number of Floors | 3 |
Year Built | 1900 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Rubbish Collection - Kerbside
- Walk-Up
- Smoke Detector
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
Parcel Number | 881527715 | Improvements Assessment | £512,298 |
Land Assessment | £219,556 | Total Assessment | £731,855 |
PROPERTY TAXES
Parcel Number
881527715
Land Assessment
£219,556
Improvements Assessment
£512,298
Total Assessment
£731,855
zoning
Zoning Code | RM1 (Residential) |
RM1 (Residential) |
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2220 Delancey Pl
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