REO Sale | Hillside Manor Apartments | 1127 Ward St
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REO Sale | Hillside Manor Apartments 1127 Ward St Immeuble residentiel 216 lots 10 224 000 € (47 333 €/Lot) Chester, PA 19013
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 216-Unit Value-Add Opportunity: Garden-style community with all two-bedroom, one-bath units spread across 54 buildings.
- Low Basis of $55K/Unit: Offered well below replacement cost with a price per unit significantly under comps in the area.
- Strategic Location Near I-95 Halfway Between Philadelphia and Wilmington: Just 15 minutes from Philadelphia International Airport, Widener University,
- Significant Upside Via Renovation & Lease-Up: Currently ±71% occupied with 54 down units; in-place rents average $903/month vs. market average of $1,3
- Desirable Unit Features: All units have private entrances and semi-private driveway parking, enhancing tenant appeal and operational efficiency.
- Strong Local Demographics: ±185,090 residents within a 5-mile radius and a median household income of $78,440 support long-term renter demand.
RÉSUMÉ ANALYTIQUE
THE OPPORTUNITY
Marcus & Millichap, in conjunction with RealINSIGHT Marketplace, is pleased to present Hillside Manor Apartments, a 216-unit apartment community located in Chester, Pennsylvania (the “Property” “Offering”). The Property is being offered for sale on behalf of the lender and presents investors an excellent opportunity to acquire a well-located asset with substantial value creation opportunity through property-wide renovations and management stabilization.
THE PROPERTY
Built in 1954, Hillside Manor is comprised of 54 buildings, each containing four units. Each unit has a separate entrance along with one off-street driveway parking space. Currently approximately 71% occupied, Hillside presents a significant value-add opportunity with in-place rents averaging $903 per month (submarket average $1324). There are approximately 54 down units, which will allow investors to immediately renovate units upon purchase. Additional upside remains through further renovations, including exterior curb appeal, roof work, and updated kitchens and baths.
LOCATION
The Property is located just off I-95, approximately halfway between Philadelphia, PA and Wilmington, DE. Residents have easy access to the Philadelphia International Airport, Widener University, and Marcus Hook Industrial Complex - all within a 15-minute drive. Hillside Manor is centrally located within minutes of major employment centers to the north via I-476, and to New Jersey via the Commodore Barry Bridge. There is a population of 185,090 within a five-mile radius with a median household income of $78,440.
Marcus & Millichap, in conjunction with RealINSIGHT Marketplace, is pleased to present Hillside Manor Apartments, a 216-unit apartment community located in Chester, Pennsylvania (the “Property” “Offering”). The Property is being offered for sale on behalf of the lender and presents investors an excellent opportunity to acquire a well-located asset with substantial value creation opportunity through property-wide renovations and management stabilization.
THE PROPERTY
Built in 1954, Hillside Manor is comprised of 54 buildings, each containing four units. Each unit has a separate entrance along with one off-street driveway parking space. Currently approximately 71% occupied, Hillside presents a significant value-add opportunity with in-place rents averaging $903 per month (submarket average $1324). There are approximately 54 down units, which will allow investors to immediately renovate units upon purchase. Additional upside remains through further renovations, including exterior curb appeal, roof work, and updated kitchens and baths.
LOCATION
The Property is located just off I-95, approximately halfway between Philadelphia, PA and Wilmington, DE. Residents have easy access to the Philadelphia International Airport, Widener University, and Marcus Hook Industrial Complex - all within a 15-minute drive. Hillside Manor is centrally located within minutes of major employment centers to the north via I-476, and to New Jersey via the Commodore Barry Bridge. There is a population of 185,090 within a five-mile radius with a median household income of $78,440.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 10 224 000 € | Classe d’immeuble | C |
| Prix par lot | 47 333 € | Surface du lot | 3,22 ha |
| Type de vente | Investissement | Surface de l’immeuble | 16 054 m² |
| Nb de lots | 216 | Occupation moyenne | 71% |
| Type de bien | Immeuble residentiel | Nb d’étages | 2 |
| Sous-type de bien | Appartement | Année de construction/rénovation | 1954/2007 |
| Style d’appartement | Avec jardin |
| Prix | 10 224 000 € |
| Prix par lot | 47 333 € |
| Type de vente | Investissement |
| Nb de lots | 216 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 3,22 ha |
| Surface de l’immeuble | 16 054 m² |
| Occupation moyenne | 71% |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1954/2007 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Lave-vaisselle
- Sols carrelés
- Accès internet à haut débit
- Réfrigérateur
- Dressing
- Moquette
- Sans tabac
- Accessible aux fauteuils roulants (chambres)
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Cour
- Laverie
- Property Manager sur place
- Transports en commun
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 2+1 | 216 | - | 74 |
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TAXES FONCIÈRES
| Numéro de parcelle | 49-11-02123-90 | Évaluation des aménagements | 6 198 905 € |
| Évaluation du terrain | 191 095 € | Évaluation totale | 6 390 000 € |
TAXES FONCIÈRES
Numéro de parcelle
49-11-02123-90
Évaluation du terrain
191 095 €
Évaluation des aménagements
6 198 905 €
Évaluation totale
6 390 000 €
CONTACTS
-
Adam Sklaver -
Andrew Townsend -
Philip Kates -
Kyle Hynes -
Timothy Stephenson, Jr. -
Marcus & Millichap
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REO Sale | Hillside Manor Apartments | 1127 Ward St
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