1851 Germantown Ave - Apartments FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$2,350,000 USD
267-780-3419
1851 Germantown Ave, Philadelphia, PA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/65
null | 8.03% Cap Rate

1851 Germantown Ave
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • 2019 Construction
  • 7 units - first floor commercial; 2nd and 3rd floor apartments

OVERVIEW

1851 Germantown Avenue | Philadelphia, PA Turnkey Mixed-Use Investment – Fully Leased, New Construction Built in 2019, this modern mixed-use building offers investors a stable, high-yield opportunity in the rapidly developing Lower North Philadelphia corridor, just minutes from Temple University and Fishtown. The property features a ground-floor commercial daycare tenant with a long-term lease and six residential apartments above. Each apartment offers contemporary finishes, open layouts, and strong rental demand in a high-growth submarket. In-place 8 cap!! The building is 100% occupied with reliable, long-term tenants producing net operating income of approximately $187,000 annually. Offered at $2,350,000, this asset delivers both steady cash flow and long-term appreciation potential in one of Philadelphia’s most active redevelopment zones. Highlights: – 2019 new construction – modern systems and design – CMX-2 zoning – 6 residential condos + 1 commercial unit – 100% leased / NOI ˜ $187,000 – Professionally managed, low maintenance

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

7

PRICE/UNIT

$335,714

CAP RATE

8.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Class Learning Academy

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CMX2

APN/PARCEL ID

881078516

ASK ABOUT THIS PROPERTY

Jon O'SheaMcCann CommercialMore Info
267-780-3419

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

Jon O'SheaMcCann CommercialMore Info
267-780-3419

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