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175 W Berks St - 175 West Berks 7 Unit Apartment Building Offered at $987,566 CAD at a 6.92% Cap Rate Philadelphia, PA 19122
Investment Highlights
- Tremendous Location in Booming West Kensington
- Opportunity to Value Add
- 7 Unit Multifamily
Executive Summary
7-Unit Multifamily Investment Opportunity | Value-Add | West Kensington, Philadelphia
175 West Berks Street – Philadelphia, PA
Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area.
This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs.
Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations.
Investment Highlights
• 7-unit multifamily property
• Unit mix: 6 one-bedroom apartments, 1 efficiency
• Located in rapidly developing West Kensington
• Surrounded by new multifamily construction and luxury residential development
• Value-add opportunity through rent increases
• Potential development upside through vertical expansion (buyer to verify)
• Strong rental demand in a centrally located Philadelphia neighborhood
Showings:
Please allow 24–48 hours’ notice to coordinate access to the maximum number of units.
Financials available upon request.
175 West Berks Street – Philadelphia, PA
Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area.
This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs.
Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations.
Investment Highlights
• 7-unit multifamily property
• Unit mix: 6 one-bedroom apartments, 1 efficiency
• Located in rapidly developing West Kensington
• Surrounded by new multifamily construction and luxury residential development
• Value-add opportunity through rent increases
• Potential development upside through vertical expansion (buyer to verify)
• Strong rental demand in a centrally located Philadelphia neighborhood
Showings:
Please allow 24–48 hours’ notice to coordinate access to the maximum number of units.
Financials available upon request.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| Studios | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881078740 | Improvements Assessment | $507,409 CAD |
| Land Assessment | $217,461 CAD | Total Assessment | $724,870 CAD |
Property Taxes
Parcel Number
881078740
Land Assessment
$217,461 CAD
Improvements Assessment
$507,409 CAD
Total Assessment
$724,870 CAD
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175 W Berks St - 175 West Berks
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