Matthews™ Lists 247-Unit Portfolio in Philadelphia

Apartment Listing in Port Richmond

 

PHILADELPHIA —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, listed a robust multifamily portfolio deal in Philadelphia, PA. The portfolio features eight boutique buildings, totaling 247 units, in the Port Richmond neighborhood. Matthews™ Senior Associate Brandon Ribeiro is the exclusive listing agent for the properties.

 

The portfolio offers investors a prime opportunity to invest in Port Richmond’s high-quality housing, boasting a mixture of new construction, turnkey assets and renovated and/or converted properties. The buildings include secure parking, communal amenities, access to shopping and transit, and apartment units that provide exceptional spatial quality and design.

 

“With intimate knowledge of the submarket, coupled with similar listings exclusively offered in the immediate vicinity, we’re able to leverage our active and closed book of business to provide the highest possible service to the client, who is intimately immersed in the area,” Ribeiro said.

 

The portfolio also includes two developable multifamily parcels for additional upside. Buildings included in the listing are 3701 Frankford Avenue, 3460 J Street, 3450 J Street, 1849 Venango, 1825 East Atlantic, 1822 Glenwood, 1817 Venango, and 1810 Venango.

 

“The properties’ rent rolls are on par with the mature submarkets due south, such as Old City, Northern Liberties, Fishtown, and Kensington,” Ribeiro said. “This proves tenants will flock to high-quality housing in Port Richmond for years to come as the neighborhood continues to evolve and progress.”

 

For more information on this listing, please reach out to brandon.ribeiro@matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.