1007-1023 Bullock Ave - Apartments FOR SALE


Lansdowne, PA 19050
$3,650,000 USD
215-454-2852
1007-1023 Bullock Ave, Lansdowne, PA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/15
null | 7.5% Cap Rate

1007-1023 Bullock Ave
Lansdowne, PA 19050


HIGHLIGHTS

  • Highly Accessible Suburban Philadelphia Location: Located in Yeadon Borough, just minutes from Center City Philadelphia
  • Stable Rent Profile with Measured Upside: In-place rents are below prevailing market levels for comparable properties
  • Highly Efficient and Desirable Unit Mix: The property’s one- and two-bedroom apartments feature functional layouts that appeal to a broad renter base
  • Limited New Supply Supporting Fundamentals: Minimal new multifamily development in the surrounding submarket

OVERVIEW

Washington Woods is a 30-unit garden-style apartment community located at 1007–1023 Bullock Avenue in Yeadon, Pennsylvania. The subject property offers investors a compelling combination of scale, affordability-driven demand, and meaningful value-add upside. Washington Woods consists of 30 apartment units, including (23) one-bedroom/one-bath apartments averaging approximately $1,117 per month and (7) two-bedroom/one-bath units averaging approximately $1,354 per month. Units feature efficient and functional layouts that support consistent occupancy and strong tenant demand. Current in-place rents remain well below prevailing market levels for comparable properties in the surrounding submarket, creating a clear opportunity for new ownership to drive rental upside through modest interior upgrades and improved operational management. Located minutes from Center City Philadelphia, Yeadon Borough provides residents with convenient access to major employment corridors, multiple transit options, and the Greater Philadelphia metropolitan area. The submarket benefits from sustained rental demand driven by relative affordability, limited new multifamily development, and proximity to regional job centers. Washington Woods presents an attractive investment opportunity due to its favorable suburban location, stable rent profile, well-considered unit mix, and defined value-add potential. Its proximity to Philadelphia, combined with strong underlying fundamentals, contributes to its appeal as a long-term holding within a competitive inner-ring suburban market, offering durable cash flow and opportunities for incremental income growth.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

30

PRICE/UNIT

$121,667

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Washington Woods

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

48-00-01002-01

ASK ABOUT THIS PROPERTY

215-454-2852

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215-454-2852

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