359 Lyceum Ave - Apartments FOR SALE


Philadelphia, PA 19128- Manayunk
$920,000 USD
610-606-1095
359 Lyceum Ave, Philadelphia, PA for Sale
$920,000 USD
Apartments - FOR SALE
1/8
null | 8% Cap Rate

359 Lyceum Ave
Philadelphia, PA 19128
Manayunk


HIGHLIGHTS

  • PRIME ROXBOROUGH LOCATION
  • LIGHT VALUE-ADD MULTIFAMILY
  • BONUS BUNGALOW UNIT & 1:1 PARKING

OVERVIEW

359 Lyceum is a light VALUE-ADD QUADPLEX (4 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. 359 Lyceum is comprised of two (2) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with PRIVATE DRIVEWAY for 1:1 tenant parking and AND a private 1bd x 1ba BONUS BUNGALOW UNIT. Invest in a Top-10 USA MSA with this 8% CAP MULTIFAMILY real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials. The bonus bungalow unit will not qualify for financing; deal must be structured as 4-unit acquisition.

FOR SALE DETAILS

PRICE

$920,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

4

PRICE/UNIT

$230,000

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RSA3

APN/PARCEL ID

212098600

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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