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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$975,000
Days On Site
108 Days
Bedrooms
13
Inside Area (SqFt)
6,750 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.08 Acres
Year Built
1920
MLS Number
PAPH2687930
Status
Active Under Contract
Property Tax
$10,343
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
4 days ago
Status changed to Active Under Contract
4 days ago
Listing updated with changes from the MLS
4 months ago
Listing first seen on site
General Features
Acres
0.08
Parking
On StreetDriveway
Property Sub Type
Multi Family
Sewer
Other
Special Circumstances
Standard
SqFt Above
6750
SqFt Total
6750
Style
Other
Utilities
None
Water Source
PrivatePublicOther
Zoning
RM1
Interior Features
Appliances
Electric Water Heater
Cooling
OtherMulti Units
Heating
ElectricOther
Save
Ask
Tour
Hide
Share
Exterior Features
Pool Features
None
Community Features
MLS Area
19141 (19141)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Trophy Commercial Real Estate LLC
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.