INVESTMENT OPPORTUNITY – LEGAL 5-UNIT MULTIFAMILY IN GROWING PHILADELPHIA NEIGHBORHOOD | 7.6% CAP RATE Here’s your chance to own a legal five-unit apartment building in one of Philadelphia’s rapidly growing neighborhoods. Ideally situated near Route 1 and Broad Street, this property offers unbeatable convenience and strong rental demand. The building consists of: (3) One-bedroom units (2) Studio units Three of the five units have been recently renovated, and the entire property is in solid, well-maintained condition. With conservative rents projected (see attached pro forma), this investment offers a starting cap rate of 7.6%—and potential for increased returns with further updates or market rent adjustments. Highlights: Prime commuter location near major arteries Legal 5-unit building Renovations already completed in majority of units Strong cap rate in a developing market Whether you’re looking to expand your portfolio or enter the multifamily market, this property checks all the boxes: location, cash flow, and upside potential.
Source: Maverick Property Management, LLC #5823826Report a problem
12/22/2011
Price change
$99,000-33.6%$38/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
12/8/2011
Price change
$149,000+50.5%$58/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
11/20/2011
Price change
$99,000-33.6%$38/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
11/6/2011
Price change
$149,000+36.7%$58/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
10/21/2011
Price change
$109,000-21.6%$42/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
10/19/2011
Price change
$139,000-6.7%$54/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
10/7/2011
Listed for sale
$149,000$58/sqft
Source: Maverick Property Management, LLC #5823826Report a problem
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Est. payment$--/mo
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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