Windrim Manor & Maple Lane Apartments Multi-Family FOR SALE


Philadelphia, PA - Juniata Park-Feltonville
$3,160,000 USD
856-701-3259
, Philadelphia, PA for Sale
$3,160,000 USD
Multi-Family - FOR SALE
1/34
null | 6.31% 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 6.31% 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.

ASK ABOUT THIS PROPERTY

Phil SharrowScope Commercial Real Estate Services, LLCMore Info
856-701-3259

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Phil SharrowScope Commercial Real Estate Services, LLCMore Info
856-701-3259

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