COOPER FORGE APARTMENTS Portefeuille de immeuble residentiel à vendre 4 biens 2 986 217 € Lansdowne, PA

Cooper Forge Apartments is a well-maintained 43-unit multifamily property located in highly desirable Delaware County, Pennsylvania. The unit mix consists of (4) studio units, (38) one-bedroom units, and (1) two-bedroom unit. Strategically positioned with convenient access to Route 1, Baltimore Pike, Interstate 476 (the Blue Route), and West Chester Pike (Route 3), the Property offers residents seamless connectivity to Center City Philadelphia and the surrounding suburbs. In addition to major roadways, Cooper Forge is within walking distance to the Lansdowne Station on SEPTA’s Media/Elwyn Regional Rail Line, as well as numerous bus lines, making it an ideal location for commuters.
The Property is currently 91% occupied and has historically operated at or above 90% occupancy, while the broader submarket has maintained an average occupancy of 95% or higher. Over the past several years, the property has benefited from significant capital improvements, including new boilers in five of the six buildings, the installation of all new hot water heaters, and the renovation of kitchens and bathrooms in approximately 60% of the units.
Cooper Forge Apartments presents a compelling value-add opportunity for investors. Current rents are estimated to be 20% or more below market, providing upside potential through modest interior upgrades in the remaining unrenovated units. Additionally, the Property includes 12 garages and 5 car ports that, once brought to rentable condition, could generate approximately $1,200 per month for the garages and $250 per month for car ports in supplemental income.
This asset offers investors a rare opportunity to acquire a well-located, cash-flowing property with proven upside potential in one of the Philadelphia region’s most stable and sought-after suburban markets.