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Multifamily

Ludlow Portfolio

1822 Ludlow St, Philadelphia, PA 19103

Listing Price: $2,500,000

Number of Units
6
Price/Unit
$416,667
Price/Gross SF
$516.00
Gross SF
4,845

Investment Overview

Marcus & Millichap is pleased to exclusively present the Ludlow Street Portfolio.? The Subject Portfolio is comprised of three properties located at 1816, 1818, & 1822 Ludlow Street.? The properties were recently renovated in 2022, and originally built in 1915.? 1816 & 1818 Ludlow are comprised of two 2 Bedrooms/1 Bathroom units.? Both buildings are currently vacant as renovations were previously on going, allowing for any value-add investor to finalize renovations and lease up.? 1822 is a mixed-use property, with a retail Storefront on the ground floor and a 2 Bedroom/2 Bathroom apartment above.? Located less than half a block off of Market Street, the portfolio is conveniently located in the Market West Submarket of Philadelphia.? The Subject Properties are perfectly positioned around a multitude of Center City’s best restaurants and most popular nightlife attractions.? Philadelphia has seen its vacancy rates decrease and demand for housing increase over the last several months.? Thanks to the affordability and its slow-growing healthcare economy, Philadelphia has long been known as one of the U.?S.?’s most stable apartment markets.? As rents have grown 11% over the past year, the vacant units present a unique value-add opportunity for any investor.?

Investment Highlights

  • Significant Value-Add Opportunity
  • 1822 Ludlow St - High Performing Airbnb
  • Partially Renovated – Framing, Electrical, & Plumbing Work Completed in 1816 & 1818 Ludlow
  • Highly Sought-After Location – Positioned Between Chestnut Street & Market Street - CMX-5 Zoning
  • 9.7% Annual Rent Increase in Philadelphia in 2021 - High Demand

Exclusively Listed By

Financing By

Multifamily

Ludlow Portfolio

Listing Price: $2,500,000

Number of Units
6
Price/Unit
$416,667
Price/Gross SF
$516.00
Gross SF
4,845

Investment Highlights

  • Significant Value-Add Opportunity
  • 1822 Ludlow St - High Performing Airbnb
  • Partially Renovated – Framing, Electrical, & Plumbing Work Completed in 1816 & 1818 Ludlow
  • Highly Sought-After Location – Positioned Between Chestnut Street & Market Street - CMX-5 Zoning
  • 9.7% Annual Rent Increase in Philadelphia in 2021 - High Demand

Investment Overview

Marcus & Millichap is pleased to exclusively present the Ludlow Street Portfolio.? The Subject Portfolio is comprised of three properties located at 1816, 1818, & 1822 Ludlow Street.? The properties were recently renovated in 2022, and originally built in 1915.? 1816 & 1818 Ludlow are comprised of two 2 Bedrooms/1 Bathroom units.? Both buildings are currently vacant as renovations were previously on going, allowing for any value-add investor to finalize renovations and lease up.? 1822 is a mixed-use property, with a retail Storefront on the ground floor and a 2 Bedroom/2 Bathroom apartment above.? Located less than half a block off of Market Street, the portfolio is conveniently located in the Market West Submarket of Philadelphia.? The Subject Properties are perfectly positioned around a multitude of Center City’s best restaurants and most popular nightlife attractions.? Philadelphia has seen its vacancy rates decrease and demand for housing increase over the last several months.? Thanks to the affordability and its slow-growing healthcare economy, Philadelphia has long been known as one of the U.?S.?’s most stable apartment markets.? As rents have grown 11% over the past year, the vacant units present a unique value-add opportunity for any investor.?

Exclusively Listed By

Financing By

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