5410 Springfield Ave,PHILADELPHIA, PA 19143
PHILADELPHIA, PA 19143
Description
Part of a Portfolio - $2,823,000 ($166,058.82/Unit)Cap: 5.78%9 Units Portfolio OverviewOpportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia.The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements.Seller is willing to sell properties individually or as a portfolio.5410 Springfield Ave: Financial Summary:Asking Price$750,000Property TypeFive Unit MultifamilyFinancial SummaryGross Monthly Income:$5,995Gross Annual Income:$71,940Annual NOI:Approximately $58,068Cap Rate:7.74%Property Highlights Five-unit apartment building Strong in-place cash flow Recent appraisal available Fully renovated Stable tenancy Excellent conditionBuilding InformationUtilities:Separately meteredElectric paid by tenantsGas paid by tenantsWater/Sewer paid by ownerHeatingCombination electric and gas heatCooling -NoneRoof -Approximately 4 years oldWater Heaters -Approximately 4 years oldElectrical -Approximately 4 years oldPlumbing -Approximately 4 years oldRenovations -Complete renovation completedUnit Condition -ExcellentCapital Improvements:Heater replacement anticipated around 2028Parking -NoneDeferred Maintenance -None reportedEnvironmental Concerns -None known
Details
| MLS # | PAPH2654814 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 36 |
| Listing Provided By | Capital Commercial Real Estate Group | Christopher A Yangello |
Features
| SQ Feet | 900 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | RM1 |
| Acreage | 0.07 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable TV Available, Electric Available, Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 3664 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | KINGSESSING |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in KINGSESSING) | |
Price: $750,000 low | high Med: $175,000 sqft: 900 low | high Med: 1,170 $ / sqft: $833 low | high Med: $150 On site: 36 low | high Med: 17 | |
Market Activity 19143
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | KINGSESSING |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in KINGSESSING) | |
Price: $750,000 low | high Med: $175,000 sqft: 900 low | high Med: 1,170 $ / sqft: $833 low | high Med: $150 On site: 36 low | high Med: 17 | |
