1412-1418 Windrim Ave - Apartments FOR SALE


Philadelphia, PA 19141- Logan-Ogontz-Fern Rock | 
$975,000 USD
215-608-3734
1412-1418 Windrim Ave, Philadelphia, PA for Sale
$975,000 USD
Apartments - FOR SALE
1/27
null | 7.13% Cap Rate

1412-1418 Windrim Ave
Philadelphia, PA 19141
Logan-Ogontz-Fern Rock


HIGHLIGHTS

  • 9-Unit Multifamily Asset | Balanced unit mix of four one-bedroom and five two-bedroom residences.
  • Strong In-Place Yield | Current NOI of $69,547, representing a 7.13% going-in cap rate at the asking price.
  • Year 1 Income Growth | Underwritten NOI increases to $75,961, resulting in a 7.69% Year 1 cap rate.
  • Attractive Acquisition Basis | Offered at $108,333 per unit and $144.44 per SF.
  • Consistent Unit Layouts | All nine residences average approximately 750 SF, providing functional and consistent floorplans.
  • Rental Growth Potential | Existing rents range from $925 to $1,480 per month, providing potential for continued revenue growth as leases roll.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

9

PRICE/UNIT

$108,333

CAP RATE

7.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1412 Windrim Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,288 SF

ZONING

RM1

APN/PARCEL ID

881212100

ASK ABOUT THIS PROPERTY

Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.