Part of a Portfolio - $2,823,000 ($166,058.82/Unit)
Cap: 5.78%
9 Units
Portfolio Overview
Opportunity 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
$750,000
Property Type
Five Unit Multifamily
Financial Summary
Gross Monthly Income:
$5,995
Gross Annual Income:
$71,940
Annual NOI:
Approximately $58,068
Cap Rate:
7.74%
Property Highlights
• Five-unit apartment building
• Strong in-place cash flow
• Recent appraisal available
• Fully renovated
• Stable tenancy
• Excellent condition
Building Information
Utilities:
Separately metered
Electric paid by tenants
Gas paid by tenants
Water/Sewer paid by owner
Heating
Combination electric and gas heat
Cooling -None
Roof -Approximately 4 years old
Water Heaters -Approximately 4 years old
Electrical -Approximately 4 years old
Plumbing -Approximately 4 years old
Renovations -Complete renovation completed
Unit Condition -Excellent
Capital Improvements:
Heater replacement anticipated around 2028
Parking -None
Deferred Maintenance -None reported
Environmental Concerns -None known
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Listing Snapshot
Price
$750,000
Days On Site
52 Days
Bedrooms
5
Inside Area (SqFt)
900 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1925
MLS® Number
PAPH2654814
Status
Active
Property Tax
$3,664
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 months ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Acres
0.07
Foundation
Brick/Mortar
Parking
On Street
Property Sub Type
Multi Family
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
900
SqFt Total
900
Style
AirLite
Utilities
Cable AvailableNatural Gas AvailableElectricity Available
Water Source
Public
Zoning
RM1
Interior Features
Appliances
Gas Water Heater
Heating
ElectricBaseboard
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Exterior Features
Pool Features
None
Community Features
MLS Area
19143 (19143)
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Capital Commercial Real Estate Group