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The Commons on Ludlow 4014 Ludlow St Immeuble residentiel 55 lots 11 131 023 € (202 382 €/Lot) Taux de capitalisation 6,50 % Philadelphia, PA 19104
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Turnkey Opportunity: New Construction with No Deferred Maintenance
- Ed’s and Med’s Centric Location: Walk to UPenn, Drexel, CHOP, and HUP
- Access to Public Transit & Major Highways: Steps to Bus, Subway and Rail Lines; Convenient to I-76, I-95, and I-676
- Strong Absorption & Limited New Supply: Strong Absorption and Few New Deliveries Will Drive Rent Growth
- Abundant Neighborhood Amenities: Walk to Numerous University City Cafes, Bars, Restaurants & Shops
Résumé analytique
The Commons on Ludlow at 4014 Ludlow Street (the “Property” or “Asset”). The Property is comprised of 55 new apartment units in the University City section of Philadelphia. The Asset boasts luxury finishes, including stone countertops, stainless steel appliances, shaker-style cabinetry, in-unit washers/dryers, attractive LVP flooring, farmhouse doors, and oversized windows.
This is a unique opportunity to acquire a turnkey new construction community in a strong location with upside through natural turnover, shrinking new supply, and management efficiency. Any new ownership can expect strong rent growth in a market dominated by Drexel University, the University of Pennsylvania, Penn Medicine, and the Children’s Hospital of Philadelphia. The Commons on Ludlow caters to professionals, graduate students, medical students, and residents studying and working at some of the best institutions in the country.
While The Commons on Ludlow was originally developed as a fully Short Term Rental asset, the need to pivot arose. The strong rental market in University City, coupled with the location, allowed current ownership to lease up nearly the entire building with long-term tenants (12-month leases) in short order, quickly restabilizing the property.
The University City submarket is adjacent to Center City Philadelphia, one of the most desirable neighborhoods in the country, with award-winning restaurants, shopping, and nightlife. Current and future tenants choose University City to be immersed in a vibrant culture surrounding some of the top U.S. institutions for research, medicine, business, law, and engineering.
The Property is located minutes from major transportation routes, including I-76, I-96, and I-676, providing unparalleled motor vehicle access throughout the Philadelphia MSA. The Property is public transit-oriented, positioned one-half of a block from 40th Street Station on SEPTA’s Market-Frankford Train Line. Commuters can use this train to access Center City Philadelphia, the surrounding suburbs, and NJ Transit in minutes.
This is a unique opportunity to acquire a turnkey new construction community in a strong location with upside through natural turnover, shrinking new supply, and management efficiency. Any new ownership can expect strong rent growth in a market dominated by Drexel University, the University of Pennsylvania, Penn Medicine, and the Children’s Hospital of Philadelphia. The Commons on Ludlow caters to professionals, graduate students, medical students, and residents studying and working at some of the best institutions in the country.
While The Commons on Ludlow was originally developed as a fully Short Term Rental asset, the need to pivot arose. The strong rental market in University City, coupled with the location, allowed current ownership to lease up nearly the entire building with long-term tenants (12-month leases) in short order, quickly restabilizing the property.
The University City submarket is adjacent to Center City Philadelphia, one of the most desirable neighborhoods in the country, with award-winning restaurants, shopping, and nightlife. Current and future tenants choose University City to be immersed in a vibrant culture surrounding some of the top U.S. institutions for research, medicine, business, law, and engineering.
The Property is located minutes from major transportation routes, including I-76, I-96, and I-676, providing unparalleled motor vehicle access throughout the Philadelphia MSA. The Property is public transit-oriented, positioned one-half of a block from 40th Street Station on SEPTA’s Market-Frankford Train Line. Commuters can use this train to access Center City Philadelphia, the surrounding suburbs, and NJ Transit in minutes.
Informations sur l’immeuble
| Prix | 11 131 023 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 202 382 € | Classe d’immeuble | B |
| Type de vente | Investissement | Surface du lot | 1,21 ha |
| Taux de capitalisation | 6,50 % | Surface de l’immeuble | 2 111 m² |
| Nb de lots | 55 | Nb d’étages | 6 |
| Type de bien | Immeuble residentiel | Année de construction | 2024 |
| Sous-type de bien | Appartement | ||
| Zonage | CMX-4 | ||
| Prix | 11 131 023 € |
| Prix par lot | 202 382 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,50 % |
| Nb de lots | 55 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Surface du lot | 1,21 ha |
| Surface de l’immeuble | 2 111 m² |
| Nb d’étages | 6 |
| Année de construction | 2024 |
| Zonage | CMX-4 |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Chauffage
- Cuisine
- Plans de travail en granit
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Cuisinière
- Baignoire/Douche
Caractéristiques du site
- Accès contrôlé
- CVC contrôlé par l’occupant
- Recyclage
- Sans tabac
- Détecteur de fumée
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Taxes foncières
| Numéro de parcelle | 881000389 | Évaluation des aménagements | 6 831 212 € |
| Évaluation du terrain | 759 024 € | Évaluation totale | 7 590 236 € |
Taxes foncières
Numéro de parcelle
881000389
Évaluation du terrain
759 024 €
Évaluation des aménagements
6 831 212 €
Évaluation totale
7 590 236 €
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Vidéos
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The Commons on Ludlow | 4014 Ludlow St
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