Garrett House
- 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.
Broker Details
Cushman & Wakefield +1 973 292 4624
Broker Details
Broker Details
Cushman & Wakefield +1 732 233 9522
Broker Details
Cushman & Wakefield +1 973 292 4633
Broker Details
Broker Details
Cushman & Wakefield +1 732 360 6249
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 |
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