4146-4148 Parkside Ave - Apartments FOR SALE


Philadelphia, PA 19104- East Parkside
$4,950,000 USD
215-608-3734
4146-4148 Parkside Ave, Philadelphia, PA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/35
null | 6.52% Cap Rate

4146-4148 Parkside Ave
Philadelphia, PA 19104
East Parkside


HIGHLIGHTS

  • NEWLY CONSTRUCTED ASSET — Completed in 2023, the property offers investors a turnkey multifamily investment with modern systems, contemporary finishes
  • FULL 10-YEAR TAX ABATEMENT — Property benefits from a full 10-year tax abatement and is currently in year 3 of 10, with 7 years remaining.
  • PARKSIDE LOCATION — Situated directly along Parkside Avenue overlooking Fairmount Park with convenient access to University City, Center City Philadel
  • STABILIZED CASH FLOW — Currently generating approximately $322,921 in Net Operating Income with projected Year One NOI growth to $342,306.
  • EFFICIENT OPERATING PROFILE — Operating expenses represent approximately 25.2% of Effective Gross Income, providing strong operating margins and durab
  • PREMIUM RENTAL PRODUCT — Modern apartment layouts and recent construction continue to attract students, healthcare professionals, and young profession

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

28

PRICE/UNIT

$176,786

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,460 SF

ZONING

RM1-Residential Multi-Fam

APN/PARCEL ID

881000775

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.