6634-6642 Haverford Ave - Schools FOR SALE


Philadelphia, PA 19151- Haddington | 
$1,500,000 USD
646-361-4522
6634-6642 Haverford Ave, Philadelphia, PA for Sale
$1,500,000 USD
Schools - FOR SALE
1/5
null | 9.02% Cap Rate

6634-6642 Haverford Ave
Philadelphia, PA 19151
Haddington


HIGHLIGHTS

  • HIGH CAP AND VALUE ADD. ALL LEASES ARE BELOW FMV AND ARE MONTH TO MONTH

OVERVIEW

Classic Value-Add Mixed-Use Investment Opportunity with Seller Financing Excellent opportunity to acquire a well-maintained mixed-use investment property situated along Haverford Avenue in Philadelphia’s Overbrook section. The property consists of eight one-bedroom apartments, a first-floor commercial storefront, and a basement-level childcare center that has operated at the property for approximately 30 years. The property is currently operating at a reported cap rate of approximately 9.02%, providing strong existing income with substantial value-add potential. Residential rents are presently in the range of approximately $650 per month and may be below prevailing market rents for comparable one-bedroom apartments in the area. With modest upgrades and professional management, a new owner may have the opportunity to increase rents over time toward the estimated $950 to $1,000 range, subject to market conditions and applicable laws. All residential tenants are currently on month-to-month arrangements, providing a purchaser with flexibility to implement a renovation, leasing, and rent-adjustment strategy. The property is in good, functional condition and offers immediate income together with the potential for meaningful growth in net operating income and property value. Attractive seller financing is available. The seller is willing to finance up to $1,000,000 of the purchase price at 8% interest, amortized over 20 years, with the remaining principal balance due in five years. An appealing opportunity for an investor seeking a high-yielding mixed-use asset with seller financing and significant value-add upside in an established Philadelphia neighborhood. Buyer should independently verify all rents, expenses, unit information, zoning, licenses, financing terms, and projected financial performance

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RSA3

APN/PARCEL ID

881128512

ASK ABOUT THIS PROPERTY

Hassan AbdellahThe Bentley Group, Ltd.More Info
646-361-4522

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Hassan AbdellahThe Bentley Group, Ltd.More Info
646-361-4522

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