West Village Apartment Homes is an 86 townhome-style unit gated community with private garages in the Mill Creek neighborhood of West Philadelphia. Mill Creek is surrounded by some of the most desirable West Philadelphia neighborhoods – Walnut/Spruce Hill to the South; West Powelton/Powelton Village to the East; Fairmont Park to the North; and Park West Town Center to the West. In addition, it is within blocks of some of the most prestigious educational and medical facilities in the country – the University of Pennsylvania, Drexel University, the Hospital of the University of Pennsylvania and Penn Presbyterian Medical Center (Penn Medicine), and the Children’s Hospital of Philadelphia (CHOP). West Village Apartment Homes consists of three buildings containing 86 townhome-style, condominium units with private garages. The entire complex is owned by the builder who constructed the buildings in stages: the first building in 2013/2014, the second in 2016, and the third in 2017. There is an excellent unit mix of 50% 3 BR/2 BA, 41% 4 BR/2.5 BA, and 9% 5 BR/2.5 BA. The units are the largest in the area, averaging 1,874 square feet, and the only community containing private garages in a gated setting. 50% of the units have roof decks on the Green Roof (four- and five-bedroom units). Each unit features kitchens with stainless steel appliances, stylish laminate flooring throughout the home, modern baths, washers/dryers, and high-efficiency furnaces. Rental Upside: Average in-place rent is below market at $2,276 ($1.21 PSF) with tenants paying all utilities (except water). Attractive Assumable Financing: The property has attractive 35-year (self-amortizing) financing at 2.73% which must be assumed. The current balance is $19,969,604 (as of November 2024). A buyer must put 31.1% cash down ($9,030,396). West Village Apartment Homes is a unique opportunity to acquire an 86-unit townhome-style, condominium community with below-market rents in a high occupancy sub-market of University City Philadelphia that attracts a growing eds and meds tenant base.