701-703 W Girard Ave - Apartments FOR SALE


Philadelphia, PA 19123- North Philadelphia East
$1,975,000 USD
215-607-6007
701-703 W Girard Ave, Philadelphia, PA for Sale
$1,975,000 USD
Apartments - FOR SALE
1/13
null | 17.44% Cap Rate

701-703 W Girard Ave
Philadelphia, PA 19123
North Philadelphia East


OVERVIEW

Presenting a rare opportunity to acquire a corner, 13-unit mixed-use value-add building in highly sought-after Northern Liberties. **Financials are estiamted based on sec. 8 rents** Surrounded by new development, this expansive double-wide property is already 85% complete and positioned to achieve Group 4 rents under the Section 8 schedule. Priced below market with significant potential for additional upside, this asset offers an exceptional investment play in one of the area’s most desirable neighborhoods. **Seller financing available: 20% down / 10 yr note / 6% rate / interest only.**

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

11

PRICE/UNIT

$179,545

CAP RATE

17.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,914 SF

ZONING

CMX-2.5

APN/PARCEL ID

881006940

ASK ABOUT THIS PROPERTY

Rich CassellKW EmpowerMore Info
215-607-6007

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Rich CassellKW EmpowerMore Info
215-607-6007

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