$ 2,375,000
-
$2,375,000
Price -
18
Bed -
0
Bath -
3,876
SqFt
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About the Listing TCRELLC1 - 3379899
4123–27 Westminster Avenue, a 12-unit multifamily investment located in West Philadelphia. The asset consists of a balanced mix of six 1-bedroom units and six 2-bedroom units, averaging approximately 750 square feet per unit, offering an efficient and highly marketable unit mix that appeals to a broad tenant base. The unit mix caters to a broad tenant base, including students, young professionals, and roommate-style renters, resulting in strong leasing demand and operational stability. The asset benefits from a straightforward layout, consistent unit configuration, and efficient property management. The property is in year 1 of the full 10-year tax abatement. At the asking price of $2,375,000, the asset delivers an inplace Net Operating Income of approximately $168,566, equating to a 7.10% cap rate, with the ability to achieve a stabilized NOI of approximately $185,250 (7.80% cap) through mark-to-market leasing. Investment Highlights *12-Unit Multifamily Asset *7.10% In-Place Cap Rate *7.80% Stabilized Cap Rate *Average Unit Size: 750 SF *Below-Market Rents with Immediate Upside *Total Rentable SF: 9,000 SF *Average Rent: $1,562 vs. $1,691 Market *10-year Tax Abatement *In-Place NOI: $168,566 *Stabilized NOI: $185,250 *Strong In-Place Cash Flow with Value-Add Potential
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
PAPH2622626
Year Built
2023
Total Square Footage
3,876
Lot/Acreage
0.04
Interior Details
- Bedrooms: 18
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3876
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Other
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 17.00 x 95.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Other
- Parking Features: Driveway,On Street
Financial Details
- Tax Amount: $1,595
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
4123 Westminster Ave Philadelphia, PA 19104
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