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Multifamily

139 Rutgers Ave

139 Rutgers Ave, Swarthmore, PA 19081

Listing Price: $2,300,000

Cap Rate
4.94%
Number of Units
7
Occupancy
95.0%
Price/Unit
$328,571
Price/Gross SF
$249.05
Gross SF
9,235

Investment Overview

Marcus & Millichap is pleased to present 139 Rutgers Ave. The property is a 6-unit apartment building and a carriage house located in Swarthmore, Pennsylvania. Swarthmore is one of the most affluent boroughs in Delaware County and a premier location to own real estate in the Philadelphia suburbs. The borough is home to more than 6,000 people and is located eight miles southwest of Center City. The very attractive building is indicative of the old school charm that is prevalent throughout Swarthmore. The units and common areas are exceptionally well maintained due to the owner's extraordinary attention to the property. The units feature hardwood flooring in the bedrooms and living spaces with either a private balcony or screened-in porch. There is a private, off-street parking lot which runs behind the apartment building and leads to the carriage house. There are three garages located below the carriage house which are available to rent. There is also a quiet, well maintained yard for the tenants to enjoy which runs in front of the apartment building and extends to the carriage house. All of the units have their own washer and dryer, except for the carriage house in which the appliances are located in the apartment building basement. The Property is conveniently located within walking distance of downtown Swarthmore. This close proximity allows for easy access to the many nearby amenities including stores, restaurants, the Swarthmore Public Library and the Swarthmore Train Station. The station, which is on the Media/Elwyn Septa Regional Rail Line, provides service westbound to Elwyn and northeast bound to Philadelphia. = 139 Rutgers Ave represents a great opportunity to acquire a very well maintained apartment complex with a stabilized income stream in one of the wealthiest boroughs in Delaware County. The original kitchens and bathrooms in the units represents additional upside for an incoming investor to capture.

Investment Highlights

  • Very Large Units, 6 Units 1,000+ Sq. Ft.
  • Great Location, Proximity to Downtown Swarthmore and Train Station
  • Roof and Boiler Replaced in 2018 & 2016, Respectively
  • Value Add Through Unit Renovations, Original Kitchens and Bathrooms
  • Strong Unit Mix, 86% 2 & 3 Bedroom Units

Exclusively Listed By

Financing By

Multifamily

139 Rutgers Ave

Listing Price: $2,300,000

Cap Rate
4.94%
Number of Units
7
Occupancy
95.0%
Price/Unit
$328,571
Price/Gross SF
$249.05
Gross SF
9,235

Investment Highlights

  • Very Large Units, 6 Units 1,000+ Sq. Ft.
  • Great Location, Proximity to Downtown Swarthmore and Train Station
  • Roof and Boiler Replaced in 2018 & 2016, Respectively
  • Value Add Through Unit Renovations, Original Kitchens and Bathrooms
  • Strong Unit Mix, 86% 2 & 3 Bedroom Units

Investment Overview

Marcus & Millichap is pleased to present 139 Rutgers Ave. The property is a 6-unit apartment building and a carriage house located in Swarthmore, Pennsylvania. Swarthmore is one of the most affluent boroughs in Delaware County and a premier location to own real estate in the Philadelphia suburbs. The borough is home to more than 6,000 people and is located eight miles southwest of Center City. The very attractive building is indicative of the old school charm that is prevalent throughout Swarthmore. The units and common areas are exceptionally well maintained due to the owner's extraordinary attention to the property. The units feature hardwood flooring in the bedrooms and living spaces with either a private balcony or screened-in porch. There is a private, off-street parking lot which runs behind the apartment building and leads to the carriage house. There are three garages located below the carriage house which are available to rent. There is also a quiet, well maintained yard for the tenants to enjoy which runs in front of the apartment building and extends to the carriage house. All of the units have their own washer and dryer, except for the carriage house in which the appliances are located in the apartment building basement. The Property is conveniently located within walking distance of downtown Swarthmore. This close proximity allows for easy access to the many nearby amenities including stores, restaurants, the Swarthmore Public Library and the Swarthmore Train Station. The station, which is on the Media/Elwyn Septa Regional Rail Line, provides service westbound to Elwyn and northeast bound to Philadelphia. = 139 Rutgers Ave represents a great opportunity to acquire a very well maintained apartment complex with a stabilized income stream in one of the wealthiest boroughs in Delaware County. The original kitchens and bathrooms in the units represents additional upside for an incoming investor to capture.

Exclusively Listed By

Financing By

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