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132 MULTI-FAMILY UNITS AND 2 COMMERCIAL IN PHILADELPHIA

Updated: Jun 6

GREAT CAP RATE & ALMOST 100% OCCUPANCY RATE FIRST OFF MARKET DEAL IN A WHILE IN PHILADELPHIA & THIS ONE IS AMAZING, 132 RESIDENTIAL UNITS  & ALMOST FULL PLUS 2 OCCUPIED COMMERCIAL UNITS.....


INDIVIDUAL AVAILABILITY  Asking Price: $10.4M


PURCHASE PRICE IS FIRM PER THE SELLER AT $10,400,000. THE SELLER TO PAY THE 4% REAL ESTATE COMMISSION AT THIS PRICE ONLY OR  SHOULD THE EXECUTED PURCHASE PRICE BE BELOW $10,400,000, THE BUYER TO PAY THE 4% REAL ESTATE COMMISSION

(THIS PORTFOLIO IS DELIVERABLE WHILE IT IS AVAILABLE) UPDATE FROM THE SELLER: THE SELLER HAS CHANGED HIS MIND AND WILL SELL THE INDIVIDUAL BUILDINGS WITHIN THE PORTFOLIO. THE PRICES ON THE INDIVIDUAL BUILDINGS HAVE NOT BEEN DISCLOSED TO ME AS OF YET. THIS IS A DISCOUNTED  PHILADELPHIA MULTI-FAMILY

PORTFOLIO IS FROM ONE SELLER WHO HAS OWNED THESE PROPERTIES FOR YEARS THE PORTFOLIO CONTAINS MULTIPLE PROPERTIES & ALL ARE IN PHILADELPHIA THERE ARE 132 MULTI-FAMILY UNITS & TWO COMMERCIAL UNITS (BOTH TENANT OCCUPIED)

THE PORTFOLIO GROSS ANNUAL RENTS ARE $1,170,648 WITH THE NOI OF $663,302 (ACTUAL NUMBERS NOT PROFORMA)

CAP RATE IS 6.4% 

THERE IS VALUE ADDED COMPONENTS IN THIS PORTFOLIO WITH RAISING RENTS

OCCUPANCY RATE IS 94%

THE SELLER HAS BEEN VERY TRANSPARENT IN PROVIDING ALL OF THE PROPRIETARY INFORMATION IN THE ATTACHMENTS BELOW.

ALL OF THE NECESSARY INFORMATION AND DOCUMENTATION WILL BE PROVIDED IN THE FORMAL DUE DILIGENCE PERIOD

SELLER ASKS ANY PROSPECTIVE BUYERS TO BE RESPECTFUL OF THE PENNSYLVANIA LANDLORD TENANT ACT


NO SHOWINGS UNTIL THE DILIGENCE PERIOD


536-540 N 52ND- IE 20181


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1533 -1501 -5000-5002 -


1641-03 W lehigh ave4


4711 Lieper St - IE 20185


4733 Lieper St - IE 2018 -6


Adams & Oxford RR & IE-20187


Ditman & 6515 RR & IE-20188


Willow CG6- RR & IE-20189


Philadelphia Portfolio Individually


TS/JM

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