Trophy Commercial Real Estate, LLC ("Trophy") is pleased to present the exclusive offering of 4148 Parkside Avenue, a newly constructed 28-unit multifamily investment opportunity. Located directly along Parkside Avenue overlooking Fairmount Park in the rapidly expanding West Philadelphia submarket. Built in 2023, the property contains approximately 17,150 rentable square feet and features a collection of modern one-bedroom, two-bedroom, and studio apartments designed to meet the growing demand for high-quality rental housing.
With modern construction, an efficient operating profile, and immediate proximity to Fairmount Park, University City, and Center City Philadelphia, 4148 Parkside Avenue offers investors durable cash flow, limited capital expenditure requirements, and long-term appreciation potential.
The asset is currently stabilized and generates an in-place Net Operating Income of approximately $322,921, representing a 6.52% capitalization rate at the asking price of $4,950,000. Year One NOI is projected to increase to $342,306 (6.40% cap rate) through organic rent growth and stabilized operations.