4107 W Girard Ave - Apartments FOR SALE


Philadelphia, PA 19104- East Parkside
$800,000 USD
215-608-3734
4107 W Girard Ave, Philadelphia, PA for Sale
$800,000 USD
Apartments - FOR SALE
1/8
null | 7.7% Cap Rate

4107 W Girard Ave
Philadelphia, PA 19104
East Parkside


HIGHLIGHTS

  • Stabilized 5-Unit Multifamily Asset with consistent in-place cash flow
  • 7.70% Going-In Cap Rate with 8.10% Stabilized Yield
  • Demonstrated Mark-to-Market Opportunity (5% rental upside)
  • Full 10-Year Philadelphia Tax Abatement
  • Attractive Basis at $160,000 per unit and $175 PSF
  • 1.39x Debt Coverage Ratio, providing financing stability

OVERVIEW

We are pleased to present the exclusive offering of 4107 W Girard Avenue, a 5-unit multifamily investment located in the rapidly improving West Philadelphia corridor. The property consists of a mix of one- and two-bedroom units with large layouts and an average unit size of 913 square feet, providing strong rental demand and operational simplicity. The asset is currently stabilized with in-place cash flow and offers a clear path to incremental upside through modest rent increases and continued operational efficiencies. With below-market rents across select units, investors can capture additional revenue while maintaining stable occupancy. The property benefits from a Full 10-Year Philadelphia Tax Abatement that remains in effect through 2032. With more than six years of abatement remaining, ownership enjoys significantly reduced real estate taxes, resulting in stronger in-place cash flow and enhanced investment returns. The remaining abatement period represents a valuable economic benefit to a purchaser, providing a predictable operating expense structure and additional upside compared to comparable assets without tax relief.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

5

PRICE/UNIT

$160,000

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

RSA5

APN/PARCEL ID

062177100

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.