4107 W Girard Ave,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
We are pleased to present 4107 W Girard Avenue, a 5-unit multifamily investment opportunity located along the rapidly improving Girard Avenue corridor in West Philadelphia. The property totals approximately 4,568 rentable square feet and features five spacious one-bedroom apartments averaging approximately 914 square feet per unit. The asset is currently stabilized and generates strong in-place cash flow, providing investors with immediate yield and a straightforward operational profile. The property's larger-than-average unit sizes differentiate it from competing multifamily inventory within the surrounding submarket, supporting strong tenant demand and long-term occupancy stability. Current rents average approximately $1,450 per unit, while projected market rents are approximately $1,520 per unit, creating a clear mark-to-market opportunity through natural lease turnover. The combination of stable operations and embedded rental upside provides investors with a practical path to NOI growth without requiring significant capital expenditures. Located along the Girard Avenue corridor, the property benefits from strong connectivity to University City, Center City, Fairmount Park, and major employment centers throughout Philadelphia. Continued investment and neighborhood improvement throughout the surrounding area have supported consistent rental demand and long-term appreciation potential. Investment Highlights5-Unit Multifamily Investment OpportunityApproximately 4,568 Rentable Square FeetAverage Unit Size of 914 SFStabilized In-Place Cash FlowCurrent NOI of Approximately $61,5667.70% Going-In Cap RateDemonstrated Mark-to-Market Opportunity with Approximately 5% Rental UpsideAttractive Basis at $160,000 Per Unit and $175 PSFLarge One-Bedroom Floorplans Supporting Durable Tenant DemandConvenient Access to University City, Center City, and Major Employment Hubs Price: $800,000Price/Unit: $160,000Price/SF: $175.13In-Place Cap Rate: 7.70%Year 1 Cap Rate: 8.10%
Details
| MLS # | PAPH2640542 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 2022 |
| Days On Site | 88 |
| Listing Provided By | Trophy Commercial Real Estate LLC | Saam Tashayyod |
Features
| Units | 4 |
|---|---|
| Zoning | RSA5 |
| Acreage | 0.05 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1226 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $800,000 low | high Med: $3,127 On site: 88 low | high Med: 107 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $800,000 low | high Med: $3,127 On site: 88 low | high Med: 107 | |
