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108 Morton 108 Morton Ave 7 Unit Apartment Building $1,094,398 CAD ($156,343 CAD/Unit) 6.65% Cap Rate Ridley Park, PA 19078



Investment Highlights
- Renovated Kitchens, Renovated Bathrooms, New LVT Flooring
- Exterior work and renovations done recently
- Building Fully-Occupied
- Walking distance to Ridley Park Train Station and public transportation
Executive Summary
*OFF MARKET MULTIFAMILY FOR SALE*
Recently renovated apartment building!
Recently renovated apartment building!
Property Facts
| Price | $1,094,398 CAD | Building Class | C |
| Price Per Unit | $156,343 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 4,625 SF |
| Cap Rate | 6.65% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | A-50 / HSE5 - agricultural land with a minimum lot size | ||
| Price | $1,094,398 CAD |
| Price Per Unit | $156,343 CAD |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 4,625 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2018 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | A-50 / HSE5 - agricultural land with a minimum lot size |
Amenities
Unit Amenities
- Granite Countertops
- Porch
- Smoke Free
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 37-00-01348-00 | Improvements Assessment | $578,524 CAD |
| Land Assessment | $141,217 CAD | Total Assessment | $719,741 CAD |
Property Taxes
Parcel Number
37-00-01348-00
Land Assessment
$141,217 CAD
Improvements Assessment
$578,524 CAD
Total Assessment
$719,741 CAD
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108 Morton | 108 Morton Ave
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