Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
6,750
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other, Multi Units
-
Heating YN
YES
-
Heating
Electric, Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.08
-
Lot Size(square feet)
3,288
-
Property Type
Commercial Sale
Price
-
Sales Price
$975,000
-
Tax Amount
$10,343
-
Financing Options
Cash, Conventional, Other
-
Sq. Footage
6,750
-
Price/SqFt
$144
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Other
-
Tax Lot
197
-
Water Source
Private, Public, Other
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Saam Tashayyod, Trophy Commercial Real Estate LLC
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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