1412 Windrim Ave, Philadelphia, PA 19141
- $975,000
- List Price
- $975,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- PAPH2671252
- Lot Size (Acres)
- 0.08
- Year Built
- 1920
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Trophy Commercial Real Estate, LLC is pleased to present 1412 Windrim Avenue, a 9-unit multifamily investment opportunity in Philadelphia. Offered at $975,000, the property totals approximately 6,750 rentable square feet and features four one-bedroom / one-bathroom units and five two-bedroom / one-bathroom units, with each residence averaging approximately 750 square feet. The property generates $119,988 in current gross potential rent, with average rents of approximately $1,111 per unit per month. At an asking price of $975,000, the offering represents an attractive basis of approximately $108,333 per unit and $144.44 per square foot. Current operations generate approximately $69,547 in Net Operating Income, equating to a 7.13% in-place cap rate. Year 1 underwriting projects NOI increasing to approximately $74,961, resulting in a 7.69% cap rate, providing investors with an opportunity to acquire an income-producing multifamily asset with a strong going-in yield and continued cash-flow growth.
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Additional Information
- Area
- 19141 (19141)
- Taxes
- $10343
- School District
- Philadelphia City
- Heating
- Other
- Heating Fuel
- Other, Electric
- Cooling
- Other, Multi Units
- Utilities
- None
- Water
- Private, Public, Other
- Sewer
- Other
Mortgage Calculator
Listing courtesy of Trophy Commercial Real Estate LLC. Contact: 2156085745