400 E Vernon Rd - Multi-Family FOR SALE


Philadelphia, PA 19119- East Mount Airy
$1,189,000 USD
215-757-6100
400 E Vernon Rd, Philadelphia, PA for Sale
$1,189,000 USD
Multi-Family - FOR SALE
1/75
null | 6.93% Cap Rate

400 E Vernon Rd
Philadelphia, PA 19119
East Mount Airy


HIGHLIGHTS

  • Fully Renovated Interior - Kitchens/ Baths/ Floors
  • Cash Flowing and Value Add Potential (Garage / Exterior)
  • Appropriately Zoned / C/O issued from City of Philadelphia
  • Similar Properties Adjacent to Subject Property

OVERVIEW

This fully occupied 7-unit multifamily property offers immediate cash flow and peace of mind with a fully renovated interior throughout. Located in the desirable Mt. Airy neighborhood of Philadelphia, each unit has been thoughtfully updated with modern finishes, new flooring, kitchens, baths, and mechanical systems. Tenants enjoy a comfortable and stylish living space, while investors benefit from low maintenance and strong rental demand in this sought-after area. Minutes from public transportation, shops, and restaurants. Perfect for both seasoned and new investors seeking a stable, income-generating asset in a prime location. Potential sits in updating the exterior and receiving an income from the two car detached garage.

FOR SALE DETAILS

PRICE

$1,189,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

7

PRICE/UNIT

$169,857

CAP RATE

6.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

400 E Vernon

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael OlsakowskiKeller Williams DoylestownMore Info
215-757-6100

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Michael OlsakowskiKeller Williams DoylestownMore Info
215-757-6100

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