$1,450,000 USD
856-701-3259
7092 Forrest Ave
Philadelphia, PA 19138
West Oak Lane
HIGHLIGHTS
- 12 Multifamily Units | One-bedroom, one-bathroom layouts with a strong mix of market-rate, PHA voucher, and master-leased units.
- Reliable, Subsidy-Backed Income | Six PHA tenants and four units master-leased to 1260 Housing, a nonprofit that ensures consistent collections and si
- Strong In-Place Cash Flow | Over a 7 Percent Cap Rate
- Low-Management Asset | Master lease structure and government-backed tenancy minimize collection risk and operational complexity.
- Recent Capital Improvement | Roof was recently replaced, and common areas have been updated.
- Transit-Connected Northwest Location | Close to SEPTA rail (Sedgwick Station), multiple bus routes, and major thoroughfares including Route 309 and 76
FOR SALE DETAILS
PRICE
$1,450,000 USD
PRICE/SF
$112 USD /SF
# OF UNITS
12
PRICE/UNIT
$120,833
CAP RATE
7.26%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7092 Forrest Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1925
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,454 SF
ZONING
RSA5
APN/PARCEL ID
881451130
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856-701-3259
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856-701-3259
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