Scenic & Girard Portfolio

Philadelphia, PASCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present the opportunity to acquire the Scenic and Girard Portfolio, a 48-unit mixed-use, value-add opportunity located in Philadelphia. The Scenic and Girard Portfolio includes a total of 48 residential units and one commercial unit across two properties located at 303-09 North 65th Street and 6522-26 West Girard Avenue in West Philadelphia. The properties are located within 0.2 miles or a 4-minute walk of each other. The unit mix consists of 36 studio apartments, 9 one-bedroom, one-bathroom units, and three two-bedroom, one-bathroom units. Ownership is achieving average monthly in-place rents of $707 for studios, $816 for one-bedroom units, and $877 for two-bedroom units. The properties both have high vacancies and offer immediate upside through lease-up. 303-09 N 65th St is currently about 85 percent vacant, and 6522-6526 is about 23 percent vacant. The rents remain significantly below market, offering a clear opportunity for rental growth through both unit turnover and stabilization. With upgrades such as black appliances, modern cabinetry, luxury vinyl plank flooring, and in-unit washer and dryer installations, new ownership can target post-renovation rents of $975 for studios, $1,100 for one-bedroom units, and $1,250 for two-bedroom units—representing rent growth of approximately 38 percent. These rates are already being achieved by comparable renovated properties in the surrounding neighborhood. The low current basis, combined with substantial rent growth potential, makes this an attractive value-add opportunity in a supply-constrained submarket of Philadelphia. The Scenic and Girard Portfolio is strategically located across two emerging sections of West Philadelphia, offering strong connectivity, neighborhood amenities, and accessibility to major transit routes. The 303-09 N 65th Street property is situated just north of Market Street in the Haddington neighborhood, while 6522-6526 W Girard Avenue lies along a vibrant commercial corridor in the Overbrook section of the city. Both locations benefit from immediate access to public transit, including SEPTA bus routes 30 and 31, which run along Haverford Avenue and Market Street, providing frequent service to University City and Center City. The Girard Avenue property also enjoys direct access to the G trolley line (Route 15), a key east-west light rail line that connects to Broad Street and Fishtown. Additionally, both assets are within minutes of major thoroughfares such as Lancaster Avenue, City Avenue (U.S. Route 1), and I-76, offering residents a quick commute to suburban job hubs and downtown Philadelphia. The surrounding area is rich with neighborhood amenities, including retail shops, restaurants, grocers, and access to community parks like Morris Park and Haddington Woods, enhancing the residential appeal of the portfolio. The properties are also located less than a mile from the historic Cobbs Creek Golf Club, which is undergoing a transformative $100 million revitalization that will bring a restored championship golf course, driving range, youth learning center, and new public green spaces—further enhancing the area’s long-term livability, job creation, and overall investment outlook.