1103 S 47th Street

University City, 费城, PA 19143

Gold Star Apartments is a luxury rental apartment community containing 15 units located in the Spruce Hill neighborhood of West Philadelphia, Pennsylvania. As one of Philadelphias most academic and in-demand neighborhoods due to its strategic location, Cedar Park & Spruce Hill are only a few minutes walk the University of Pennsylvania, Drexel University, and University of the Sciences. Completed in early 2023, the mixed-use building consists of 15 units with an outstanding unit mix of (55%) one-bedroom units, (45%) two-bedroom units. Nearly all units contain a Juliet balcony with ample sunlight. Additionally, all units contain high-end kitchens, stainless steel appliances, modern baths, a washer/dryer, and ample closet space. The project also features a ground floor retail space perfectly suited for a coffee or ice-cream shop as well as (6) co-working spaces that have been well received by the market. Lease-up Status: with a high-occupancy sub-market, the project has commenced its initial lease up with strong absorption with an average in-place rent of $1,565 for one-bedroom and $2,185 for two-bedrooms. Completed in early 2023, 13 of the 15 units are leased with the remaining two expected to be leased shortly. The property also benefits from a full tax abatement for the next 10-years

This is an Active listing.

Broker Office Phone Number: 610-828-6300

Copyright © 2023Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.