The property is 5020 Pentridge Street; which we affectionately called Pentridge Gardens. The property is a newly constructed property (2015 ? 2016) and houses 14 residential units with 1 commercial space (paying on a flat lease). The property was built as a luxury building for the Cedar Park Area. It houses the largest residential green roof in all West Philly at almost 4,750 SF. The property is completely leased. The commercial space is leased by the developer and construction company; and intends to renew and extend their lease. The 14 units consist of a mix of 1 bedroom and 2 bedroom apartments. The rental units have been outfitted with many upgraded finishes including high efficiency HVAC, Samsung washer/dryer in each unit, video intercom system, hardwood floors, 4 piece appliances, and spacious living areas with tons of natural light. Building assessed at 772,500! Building has a bicycle room, green roof and fenced in doggie area! All utilities are separately metered for each unit and tenants pay their own utilities. Owner pays water. The gross annual rents for the property total 252,070 with an NOI of 195,142. ProForma with actual revenues and expenses for 2017 attached here. The owner is a licensed salesperson in Pennsylvania.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
