Apartments For Sale • 30,000 SF
| Stabilized 27-Unit Multifamily Asset |In-Place NOI: $356,567 |
| 7.51% Going-In Cap Rate at asking price |8.23% Cash-on-Cash Return (Year 1) |
| Approximately 7.5 Years of Tax Abatement Remaining |
| Strong Debt Metrics: 1.49x DSCR |
| Average Unit Size: ~1,155 SF (oversized loft layouts) |
| Transit-Oriented Location with SEPTA bus service directly outside |
| Cap Rate: | 7.51 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Queen Lane (R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) | 2 min | 10 min | 0.6 mi |
| Chelten Avenue (R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) | 2 min | 14 min | 0.6 mi |
| Airport | Drive | Walk | Distance |
| Philadelphia International | 30 min | - | 16.4 mi |
| Trenton Mercer | 53 min | - | 30.4 mi |