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2440 Kensington Ave
Philadelphia, PA 19125 North Philadelphia East

$2,225,000 USD

Apartments For Sale • 10,428 SF

Property Details

Property Type Apartments
Total Building Size 10,428 SF
Lot Size 0.12 AC
Building Class B
Year Built 2020
Zoning CMX2

90 Transit Score

100 Walk Score

                
                    Highlights
                
                                STABILIZED 10-UNIT MULTIFAMILY ASSET – Well-performing apartment building with strong in-place occupancy.
                            
                                STRONG CAP RATE – Projected 7.31% cap rate at the $2,225,000 offering price.
                            
                                ATTRACTIVE CASH FLOW – Projected $47,665 annual cash flow after debt service.
                            
                                UNIFORM UNIT MIX – Ten 2-bedroom units providing consistent rental demand.
                            
                                STRONG AVERAGE RENT – Average monthly rent of approximately $1,533 per unit.
                            
                                PAVED PARKING SPACES – 3 income-producing paved parking spaces.

Property Flyers

2440 Kensington OM

Public Transportation

Commuter Rail	Drive	Walk	Distance
North Philadelphia (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	4 min	-	1.7 mi
Temple University (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	6 min	-	1.7 mi
Transit/Subway	Drive	Walk	Distance
York-Dauphin (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	1 min	5 min	0.2 mi
Huntingdon (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	1 min	5 min	0.3 mi
Somerset (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	2 min	11 min	0.6 mi
Berks (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	3 min	15 min	0.7 mi
Airport	Drive	Walk	Distance
Philadelphia International	26 min	-	14.6 mi
Trenton Mercer	48 min	-	31.1 mi

Saam Tashayyod 215-608-3734 Trophy Commercial Real Estate

2440 Kensington Ave Philadelphia, PA 19125 North Philadelphia East

$2,225,000 USD

Property Details

Highlights

Property Flyers

Public Transportation

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2440 Kensington Ave
Philadelphia, PA 19125 North Philadelphia East