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230 E Sharpnack St
Philadelphia, PA 19119 East Mount Airy

$3,300,000 USD

Apartments For Sale • 22,705 SF

Property Details

Property Type Apartments
Total Building Size 22,705 SF
Lot Size 0.64 AC
Building Class C
Year Built 1960
Zoning RSA5

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                37-Unit Multifamily Asset with Institutional-Scale Operational Efficiency 
                            
                                6.31% Going-In Cap Rate with 8.05% Stabilized Yield 
                            
                                Significant Mark-to-Market Opportunity with 21% Rental Upside 
                            
                                Attractive Basis at $89,189 Per Unit 
                            
                                Clear Path to NOI Growth Through Lease-Up and Rent Normalization

Public Transportation

Commuter Rail	Drive	Walk	Distance
Washington Lane (Chestnut Hill East Line - SEPTA)	2 min	12 min	0.6 mi
Stenton (Chestnut Hill East Line - SEPTA)	3 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Philadelphia International	34 min	-	18.5 mi
Trenton Mercer	52 min	-	30.8 mi

Saam Tashayyod 215-608-3734 Trophy Commercial Real Estate

230 E Sharpnack St Philadelphia, PA 19119 East Mount Airy

$3,300,000 USD

Property Details

Highlights

Public Transportation

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230 E Sharpnack St
Philadelphia, PA 19119 East Mount Airy