Part of a Portfolio - $2,823,000 ($166,058.82/Unit)
Cap: 5.78%
9 Units
Portfolio Overview
Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia.
The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements.
Seller is willing to sell properties individually or as a portfolio.
5410 Springfield Ave:
Financial Summary:
Asking Price
$750,000
Property Type
Five Unit Multifamily
Financial Summary
Gross Monthly Income:
$5,995
Gross Annual Income:
$71,940
Annual NOI:
Approximately $58,068
Cap Rate:
7.74%
Property Highlights
• Five-unit apartment building
• Strong in-place cash flow
• Recent appraisal available
• Fully renovated
• Stable tenancy
• Excellent condition
Building Information
Utilities:
Separately metered
Electric paid by tenants
Gas paid by tenants
Water/Sewer paid by owner
Heating
Combination electric and gas heat
Cooling -None
Roof -Approximately 4 years old
Water Heaters -Approximately 4 years old
Electrical -Approximately 4 years old
Plumbing -Approximately 4 years old
Renovations -Complete renovation completed
Unit Condition -Excellent
Capital Improvements:
Heater replacement anticipated around 2028
Parking -None
Deferred Maintenance -None reported
Environmental Concerns -None known
Features
5 bedrooms
900 sq. ft. floor area
crop_free3200 sq. ft. lot size
cottageMulti-Family
Happy sellers in Philadelphia
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Local market activity for 5 bedroom multi families in Philadelphia
Sold
For Sale
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