Windrim Manor & Maple Lane Apartments Multi-Family FOR SALE


Philadelphia, PA - Juniata Park-Feltonville
$3,000,000 USD
215-302-4400
, Philadelphia, PA for Sale
$3,000,000 USD
Multi-Family - FOR SALE
1/34
null | 6.56% Cap Rate

Windrim Manor & Maple Lane Apartments
Philadelphia, PA
Juniata Park-Feltonville


HIGHLIGHTS

  • 32-Unit Portfolio | Located in the Logan and Juniata Neighborhoods of Philadelphia, Pennsylvania
  • Unit Mix | 2 Studios, 23 One-Bedroom Units, and 7 Two-Bedroom Units
  • Value-Add Opportunity | 12% Income Upside through Natural Turnover and 25% with Interior Renovations
  • Management Friendly | Properties Situated 2.5 Miles Apart, Enabling Operational Efficiency Across Two Submarkets
  • Attractive Basis | Below $100K Per Unit at a Blended 6.56% Cap Rate with Upside

OVERVIEW

SCOPE Commercial Real Estate Services, LLC is pleased to present the opportunity to acquire the Windrim Manor and Maple Lane Portfolio, a 32-unit value-add multifamily offering located in the Logan and Juniata neighborhoods of Philadelphia. The portfolio consists of two properties—Windrim Manor and Maple Lane—located approximately 2.5 miles apart, or a 15-minute drive, offering operational efficiency across two established and complementary rental submarkets. Windrim Manor, located in the Logan submarket, comprises two studios, 12 one-bedroom units and four two-bedroom units with average in-place rents of $938 per month. Maple Lane, situated in the Juniata submarket, includes 11 one-bedroom units and three two-bedroom units, also with average in-place rents of $987 per month. On a portfolio-wide basis, the current average in-place rent is $990 per month. Built in the early twentieth century, both properties offer classic layouts and the opportunity for significant value creation through interior upgrades. Windrim Manor is located in Logan near Broad Street Line transit access, local schools such as Thurgood Marshall Elementary School (grades PK-8), Widener Memorial School (grades K-12), and Central High School (grades 9-12), and essential retail amenities in a dense, residential pocket of North Philadelphia. Maple Lane is situated in Juniata, a historically blue-collar neighborhood currently experiencing renewed investment through infill housing and corridor retail revitalization along Frankford Avenue and Castor Avenue. Maple Lane also benefits from proximity to La Salle University, a private Catholic institution with over 4,000 students, faculty, and staff generating consistent housing demand. With sound fundamentals, measurable rent growth potential, and strategic positioning within two high-occupancy, working-class submarkets, the Windrim Manor and Maple Lane Portfolio presents a compelling opportunity to acquire scale and value in one of Philadelphia’s most accessible multifamily corridors.

ASK ABOUT THIS PROPERTY

Zeke RotterSCOPEMore Info
215-302-4400

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

Zeke RotterSCOPEMore Info
215-302-4400

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