4557 Manayunk Ave - Apartments FOR SALE


Philadelphia, PA 19128- Manayunk
$2,100,000 USD
610-606-1095
4557 Manayunk Ave, Philadelphia, PA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/76
null | 8.15% Cap Rate

4557 Manayunk Ave
Philadelphia, PA 19128
Manayunk


HIGHLIGHTS

  • BOUTIQUE CORNER APARTMENT BUILDING
  • TOP NWPHL LOCATION - ROXBOROUGH
  • 1: PARKING RATIO

OVERVIEW

Cahill Arms Roxborough — this entirely unique multifamily investment property is loaded with original charm and modern conveniences and carries an 8.15% pro forma cap rate. With seven (7) 1-2-3 bedroom apartments and a 1:1 parking ratio (7-car driveway), this is a rare investment opportunity, now available in one of Philly's fastest growing submarkets. An ideal unit matrix is composed of: three (3) 3bd units, two (2) 2bd units, two (2) 1bd units — ensuring supreme rentability in every market cycle. The NWPHL (Northwest Philly) location is prime — easy access to Schuylkill River Trail, shops, cafes, restaurants and bars along Ridge Avenue corridor, as well as the Main Street Manayunk district. This location is highly favored in the Greater Philadelphia rental marketplace as tenants seek out spacious and affordable rental accommodations in "semi-suburban" edge city locales — close enough to the urban core, yet tranquil enough for a laid-back/outdoorsy lifestyle. Easily accessible to all of Philadelphia's main arteries and districts, including I-76, I-476, City Avenue, Ridge Avenue, Main Street + Center City, University City, The Main Line, and the suburbs. The parcel commands attention with its prominent corner placement. The gated building is luxuriously laid out with spaciously oversized units, 10' ceilings, beautiful corridors, custom millwork, bi-level and tri-level units, french balconies, exposed Wissahickon schist (stone) and other high-end building material selections. As a multifamily investment property, ±70% rental upside exists for new Ownership to fill vacancies and reset existing rentals to market rate. Alternatively, there is a ±$1M delta between the bulk market price of each unit (to be sold separately as condos) if that exit path is preferred. The condo association is active. Enquire within for pro forma financials.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

8.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cahill Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1800

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,142 SF

ZONING

rsa3

APN/PARCEL ID

888212200,888212202,888212204,888212206,888212208,888212210,888212212

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 Policy.