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Unit/Flat

4557 MANAYUNK AVENUE

PHILADELPHIA , PA 19128

MLS#: PAPH2481616

$2,100,000

Status: Active
Listing number: PAPH2481616
Listing provided by: Keller Williams Liberty Place
Listing agent phone: None
Last update: a month ago
Browse Properties
ROXBOROUGH - Residential Income

Property

Beds

15

Full Baths

None

1/2 Baths

None

Year Built

1800

Sq.Footage

11,850

Cahill Arms Roxborough — this entirely unique multifamily investment property is loaded with original charm and modern conveniences and carries an 8.15% pro forma cap rate. With seven (7) 1-2-3 bedroom apartments and a 1:1 parking ratio (7-car driveway), this is a rare investment opportunity, now available in one of Philly's fastest growing submarkets. An ideal unit matrix is composed of: three (3) 3bd units, two (2) 2bd units, two (2) 1bd units — ensuring supreme rentability in every market cycle. The NWPHL (Northwest Philly) location is prime — easy access to Schuylkill River Trail, shops, cafes, restaurants and bars along Ridge Avenue corridor, as well as the Main Street Manayunk district. This location is highly favored in the Greater Philadelphia rental marketplace as tenants seek out spacious and affordable rental accommodations in "semi-suburban" edge city locales — close enough to the urban core, yet tranquil enough for a laid-back/outdoorsy lifestyle. Easily accessible to all of Philadelphia's main arteries and districts, including I-76, I-476, City Avenue, Ridge Avenue, Main Street + Center City, University City, The Main Line, and the suburbs. The parcel commands attention with its prominent corner placement. The gated building is luxuriously laid out with spaciously oversized units, 10' ceilings, beautiful corridors, custom millwork, bi-level and tri-level units, french balconies, exposed Wissahickon schist (stone) and other high-end building material selections. As a multifamily investment property, ±70% rental upside exists for new Ownership to fill vacancies and reset existing rentals to market rate. Alternatively, there is a ±$1M delta between the bulk market price of each unit (to be sold separately as condos) if that exit path is preferred. The condo association is active. Enquire within for pro forma financials.

Features & Amenities

Interior

  • Total Bedrooms

    15

  • Bathrooms

    N/A

  • Above Grade Finished Area

    11850.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

Exterior

  • Garage

    No

  • Parking

    Parking Lot

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Features

    Corner Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Unit/Flat

Price

  • Sales Price

    $2,100,000

  • Sq. Footage

    11, 850

  • Price/SqFt

    $177

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • Foundation Details

    Block

  • Sewer

    Public Sewer

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PHILADELPHIA

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Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Cahill Arms Roxborough — this entirely unique multifamily investment property is loaded with original charm and modern conveniences and carries an 8.15% pro forma cap rate. With seven (7) 1-2-3 bedroom apartments and a 1:1 parking ratio (7-car driveway), this is a rare investment opportunity, now available in one of Philly's fastest growing submarkets. An ideal unit matrix is composed of: three (3) 3bd units, two (2) 2bd units, two (2) 1bd units — ensuring supreme rentability in every market cycle. The NWPHL (Northwest Philly) location is prime — easy access to Schuylkill River Trail, shops, cafes, restaurants and bars along Ridge Avenue corridor, as well as the Main Street Manayunk district. This location is highly favored in the Greater Philadelphia rental marketplace as tenants seek out spacious and affordable rental accommodations in "semi-suburban" edge city locales — close enough to the urban core, yet tranquil enough for a laid-back/outdoorsy lifestyle. Easily accessible to all of Philadelphia's main arteries and districts, including I-76, I-476, City Avenue, Ridge Avenue, Main Street + Center City, University City, The Main Line, and the suburbs. The parcel commands attention with its prominent corner placement. The gated building is luxuriously laid out with spaciously oversized units, 10' ceilings, beautiful corridors, custom millwork, bi-level and tri-level units, french balconies, exposed Wissahickon schist (stone) and other high-end building material selections. As a multifamily investment property, ±70% rental upside exists for new Ownership to fill vacancies and reset existing rentals to market rate. Alternatively, there is a ±$1M delta between the bulk market price of each unit (to be sold separately as condos) if that exit path is preferred. The condo association is active. Enquire within for pro forma financials.

4557 MANAYUNK AVENUE

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