OFFERING MEMORANDUM $1,200,000

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PHILLYHOMEADVISORS.COM

3 6 2 5 S P R I N G G A R D E N S T | P H I L A D E L P H I A , P A 1 9 1 2 1

O F F E R I N G

M E M O R A N D U M

BRAND NEW

POWELTON VILLAGE

TRIPLEX

LOCATED RIGHT ON

CAMPUS

10-YEAR TAX

ABATEMENT

PREMIUM FINISHES

LOCATED IN THE

OPPORTUNITY ZONE

Eric Dvotsky Realtor Cell: (267) 243-4652 [email protected]

Jason Rabinovich, Esq. Associate Broker

Cell: (412) 965-8859

[email protected]

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Don’t miss this newly constructed incredible investment opportunity located on Drexel University’s campus in Powelton Village! This triplex offers three (3) luxury condo-style

spacious and tastefully designed apartments featuring rustic flooring, stainless-steel appliances, and tons of square footage. 3625 Spring Garden Ave is the perfect blend of new

and old, as this property offers a gorgeous exterior that is reminiscent of the deep roots of historic Philadelphia and a chic modern interior. As you enter each unit, you are met with an

open-concept layout, new flooring, lots of natural light, as well as a beautifully upgraded kitchen! The seller spared no expense, as the modern kitchen boasts Black SAMSUNG Stainless-Steel appliances, including a refrigerator, dishwasher, built-in microwave, and a wide basin sink. The dual colored cabinetry and stunning backsplash make this kitchen feel modern, with quartz countertops and accent lighting! Unit 1 is a 4 bed, 4 baths, while units 2

and 3 are both 2-bed, 2-bath! Each unit includes a large open-concept common space, upgraded kitchen, and extremely spacious bedrooms with accompanying closets and bathrooms! Unit 1 is accompanied by a good-size back patio, and all units will enjoy a large shared roof deck with stunning views of Philadelphia’s city skyline! All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, and include

washer and dryers. Unit 2 is already rented out for this year!

This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Penn Presbyterian hospital. With an abundance of

public transportation as well as the proximity to Downtown Philadelphia, 3625 Spring Garden St gets a Walkscore of 87 out of 100, a 62 out of 100 for transit, and 95 out of 100 for the bikers. This property is located near dozens of restaurants, cafes, and bars; from Halal to

the Ramen Bar, there is no shortage of eateries nearby. Along Lancaster Ave, find many different boutiques and stores within a walking distance! This property is not to be missed,

contact Philly Home Advisors today to learn more about this incredible investment opportunity!

PHILLYHOMEADVISORS.COM

E X E C U T I V E S U M M A R Y

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E X T E R I O R P H O T O S

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E X T E R I O R P H O T O S

R O O F D E C K

W I T H P A N O R A M I C

D O W N T O W N &

U - C I T Y V I E W S

Q U A I N T

B A C K Y A R D P A T I O

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I N T E R I O R P H O T O S

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M A R K E T C O M P A R A B L E S

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F I N A N C I A L O V E R V I E W

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F L O O R P L A N S

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Q U A L I F I E D O P P O R T U N I T Y Z O N E S ( Q O Z )

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Powelton Village, a neighborhood in West Philadelphia, possesses a spirit

all its own, rich with the culture and energy that is authentically

Philadelphia, bolstered by its friendly and widely diverse population.

Streets are lined with some of the nation’s most renowned universities,

businesses, and institutions. The neighborhood connects seamlessly to

talent, transit and the City’s economic and education centers, providing

endless opportunities for collaboration, technology transfer, and

millennial workforce development. It’s a bustling area for pedestrians and

commuters, with walkable and bikeable streets, world-class public spaces

and restaurants for any taste.

This neighborhood is booming with many new development projects

such as the Schuylkill river yards development. This new development is a

$3.5 billion project designed to create a neighborhood centered around

human interaction and unique environments. The project includes

multiple commercial and residential spaces as well as a large public green

space bringing many young professionals to the area.

With Market Street as its southern border, Powelton Village is extremely

accessible via SEPTA’s Market-Frankford Line and the No. 10 trolley. The

neighborhood is also easily walkable, bikeable or drivable especially along

Lancaster Avenue, its vibrant commercial corridor. The southern end of

Powelton Village includes many properties owned by Drexel and Penn

where students reside just walking distance from both campuses. Penn

Presbyterian is also only a few minutes walk away.

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N E I G H B O R H O O D H I G H L I G H T S

University City is the region’s leader in education, science and innovation. The 2.4 square mile neighborhood boasts world-class institutions that have catalyzed nearly 80,000 jobs in fields including medicine, higher education, technology, professional services and hospitality. University City is a destination for culture seekers and food lovers, a transportation hub with some of the most bicycle- and pedestrian-friendly streets in the city, and is home to some of the most significant development projects in the region. With a diverse population, a blend of housing options, top notch schools and

hospitals, and amenities galore, University City is a neighborhood where quality of life and quality of place spur growth and opportunity.

JOB GROWTH

University City remains one of the top employment hubs in the region, with more than 33,000 jobs per square mile. The number of jobs rose substantially in 2017 and is on pace to reach 80,000 for the first time.

ATTRACTING MILLENNIALS

An ongoing boom in multi-family housing has contributed to an estimated 5,300 new residents since 2010 (up 11%). The people choosing to live here are getting younger, with the number of millennials (aged 20-34) up by 13% since 2000. of University City 2018

HEALTHCARE

The neighborhood’s medical institutions are on track to admit over 85,000 patients in 2017 and are leading the way in new treatments, procedures and medical technologies. Two of University City’s hospitals - Hospital of the University of Pennsylvania-Penn Presbyterian and Children’s Hospital of Philadelphia - were ranked top ten in the nation, according to U.S. News and World Report.

REAL ESTATE DEVELOPMENT

With nearly 1.5 million square feet of real estate projects completed in the last year and continued growth in the number of construction permits - rising more than 500% from pre-recession levels - the development boom in University City shows no signs of slowing. Rapid transformation and accelerated growth continue to define University City’s real estate sector, where progress moves at a breakneck pace. Three major future projects - uCity Square, Schuylkill Yards, and the 30th Street Station District Plan - make up a long-term vision that will further cement University City’s status as the region’s economic and technological powerhouse.Source: University City District - State