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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.

Property Facts

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
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
881527715
Land Assessment
£219,556
Improvements Assessment
£512,298
Total Assessment
£731,855

zoning

Zoning Code RM1 (Residential)
RM1 (Residential)
  • Listing ID: 33908489

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 2220 Delancey Pl, Philadelphia, PA 19103

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