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$7,900,000
48 Days Online

5100 Walnut Street
Philadelphia, PA 19139

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1911
Built
Subdivision:
University City
County:
Philadelphia

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5100 Walnut Street5100 Walnut Street5100 Walnut Street5100 Walnut Street
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Pre-war apartment buildings rarely come to the market.  The 49 unit La Blanche is walking distance to U Penn, Drexel and University of the Sciences.  Ninety-five percent currently leased gives the ability to continue with cash flow and then add value as tenants end leases (most are month to month) and then raise rents to the current market rates.  This corner property measures approximately 150 feet by 118 feet and extends from Walnut to Chancellor, in a rapidly developing area bringing rent growth and building appreciation.  The property consists of six (6) studios, thirty-six (36) one bedroom, six (6) two bedrooms and one (1) three-bedroom apartment.  This Georgian Revival Style broke ground in 1910 and was part of the second wave of a housing boom in West Philadelphia that started with the 1907 completion of the Market Street Elevated line.  The building is one of the first large apartments built in Philadelphia, with a striking façade.  Location awareness:  In general, the University City section has become one of the fastest growing submarkets in all of Philadelphia. Over $3.5 billion of new or recently completed real estate projects have transformed this area into a hub of “Eds and Meds”. University City attracts undergraduate and graduate students as well as young professionals and families. The area is highly desirable given its walkability to the numerous major educational and healthcare institutions such as The University of Pennsylvania, University of the Sciences, CHOP, Drexel University and The Wharton School of Business. Situated near an abundance of public transportation with various bus routes, trolley lines, and the Market-Frankford line within a short walking distance. The project is uniquely positioned in the path of growth and ready to see significant rent increases in the coming years therefore offering a good rental upside.  Perfect for a 1031 exchange. Inquire within for OM.

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Listing Snapshot
Price 
$7,900,000
Days Online 
48 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1911
MLS Number 
PAPH2179698
Status 
Active
Property Tax 
$21,436
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
11 hours agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Foundation 
StoneConcrete PerimeterBrick/Mortar
Construction Materials 
MasonryBrickFrame
Zoning 
RM1
Interior Features
Heating 
Forced Air
Cooling 
Central A/C
Central Air 
Yes
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Exterior Features
Roof 
Flat
Community Features
Accessibility Features 
None
Listing courtesy of Keller Williams Philadelphia (215) 627-3500

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The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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