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Garrett House

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Address: 3420 Garrett Rd, Drexel Hill, PA 19026, USA

New York & Tri-State + Apartment Buildings

Created date: September 12, 2023

Date last updated: September 20, 2024

Garrett Road is a main street through Drexel Hill offering superior street visibility and access to potential tenants
3 story walk-up construction limits operating expenses by eliminating the need for elevators, allowing for improved building operating efficiency.
Building average rent is $877 / month which translates to $1.67 psf/ month compared to ~$2.20 psf/ month in renovated units in the area.
Recent capital expenditures at the property (Oil to Gas conversion; Roof Coating, etc.) allows an investor to deploy capital efficiently upon acquisition.

Property Description

As exclusive agent, Cushman & Wakefield is pleased to offer Garrett House, located at 3420 Garrett Road, Drexel Hill, Pennsylvania 19026, for sale. This 57-unit, 3-story apartment building is walking distance to the SEPTA Light Rail and offers immense upside to an investor. This offering represents the opportunity for an investor to acquire a value-add multifamily asset in Drexel Hill, a growing suburb of Philadelphia. Please visit the deal room for more information on the asset or reach out to any member of the listing team to discuss further.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Lot Size:	57.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here