Consistent unit configurationStraightforward layout
4123–27 Westminster Avenue, a 12-unit multifamily investment located in West Philadelphia. The asset consists of a balanced mix of six 1-bedroom units and six 2-bedroom units, averaging approximately 750 square feet per unit, offering an efficient and highly marketable unit mix that appeals to a broad tenant base. The unit mix caters to a broad tenant base, including students, young professionals, and roommate-style renters, resulting in strong leasing demand and operational stability. The asset benefits from a straightforward layout, consistent unit configuration, and efficient property management. The property is in year 1 of the full 10-year tax abatement. At the asking price of $2,375,000, the asset delivers an inplace Net Operating Income of approximately $168,566, equating to a 7.10% cap rate, with the ability to achieve a stabilized NOI of approximately $185,250 (7.80% cap) through mark-to-market leasing. Investment Highlights *12-Unit Multifamily Asset *7.10% In-Place Cap Rate *7.80% Stabilized Cap Rate *Average Unit Size: 750 SF *Below-Market Rents with Immediate Upside *Total Rentable SF: 9,000 SF *Average Rent: $1,562 vs. $1,691 Market *10-year Tax Abatement *In-Place NOI: $168,566 *Stabilized NOI: $185,250 *Strong In-Place Cash Flow with Value-Add Potential
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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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