12-Unit Value Add Multifamily Property

Property Overview

VRA Realty is pleased to extend to qualified investors Sydenham Arms Apartments, a 12-unit value add multifamily property located in Philadelphia, PA. Sydenham Arms completed construction in 2016 as a high-end building with spacious three-bedroom, two-bathroom apartments, huge balconies, and a private secure parking garage for its residents.

Fully occupied and in high demand, the apartments offer granite countertops, all electric appliances, washers/dryers, central air, and individual hot water heaters and heat pumps in each unit. The interiors are in great condition and offer immediate upside in bringing rents up to market rate with minimal investment.

The property is well maintained by an in-house superintendent, it's fully sprinklered, and individually metered with tenants paying all utilities, including water reimbursement. Sydenham Arms is located directly across the street from the Kenderton School and one block away from Temple University Medical Campus and Health Sciences Center in the Nicetown-Tioga section of Philadelphia.