Wednesday, October 11, 2017

20 Multi-Family Properties Sell in Powelton Village Philadelphia

A total of 83 units and 20 properties sold for $14 million in the city’s University City submarket. The seller was West Village UCA, and procured the buyer, a private investor, in the transaction. The properties are all located in Powelton Village, in the heart of the neighborhood’s world‐renowned education, medicine and technology hub. Situated on the 3200 block of Powelton Avenue, 11 of the properties (3201-3027) are on the odd side of the street while two are even-numbered (3214 and 3220). The 3214-3218 Pearl St., properties feature three two-unit townhomes with patios and garages as well as an additional loft in two of the units. Across the street at 311-313 N. 33rd St., is a 24-unit building with an adjacent parking lot. In total, the portfolio is comprised of a mix of studio and one-, two-, three- and four-bedroom layouts for a total of 144 beds.

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