Investment Overview

Marcus & Millichap is pleased to present the Fern Rock Apartments Portfolio (the "Portfolio"), an 87-unit, six-property multifamily offering in the Fern Rock neighborhood of North Philadelphia. The Portfolio consists of 950 W Spencer Avenue, 1020 W Spencer Avenue, 1021-27 W Spencer Avenue, 6022-38 N Warnock Street, 6100 N 10th Street, and 5916-30 N Marvine Street, all located within a three-block radius. The Portfolio gives an investor meaningful scale within a single submarket, without single-asset concentration. Its tight geographic footprint supports centralized management, leasing, and maintenance, and spreading the units across six buildings mitigates asset-specific risk. The unit mix is weighted toward larger layouts, with nearly half of the units configured as two-bedrooms. That mix supports strong in-place cash flow and positions the Portfolio for continued rent growth. The offering also includes 34 garages, an ancillary income stream that can be expanded through dedicated leasing and market-rate pricing. The Portfolio is within walking distance of the Fern Rock Transportation Center, the northern terminus of SEPTA's Broad Street Line and a stop on multiple Regional Rail lines. Residents have direct access to Center City and the surrounding suburbs, and major employment, educational, and healthcare centers are reachable in under 30 minutes. Jefferson Einstein Philadelphia Hospital, one of the area's largest employers, is located within the immediate neighborhood. With strong in-place returns, a transit oriented location, durable renter demand, and a clear path to value creation, the Fern Rock Apartments Portfolio offers investors a scalable entry into one of North Philadelphia's established rental submarkets.