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2115 N 63rd St 4 Unit Apartment Building $2,723,387 CAD ($680,847 CAD/Unit) 6.52% Cap Rate Philadelphia, PA 19151
INVESTMENT HIGHLIGHTS
- Fully Occupied, 11 residential, 2 commercial, 19 garages
- Close to Saint Joseph's University and Lankenau Hospital
- Close to public transportation
EXECUTIVE SUMMARY
Remarkable investment opportunity in Overbrook, close to Saint Joseph's University and City Ave! 13 Unit Building plus 19 Garages. Featuring 11 residential rental units, 2 commercial units, and 19 garages, this prominent building with strong rental history is a rare find and a cash-flowing addition to your portfolio. Fully occupied, the residential units comprise of 2 studios, 6 one-bedroom, and 3 two-bedroom units, some of which have been updated already. Both commercial spaces are occupied by long-term tenants. There is also a brand new common laundry room and an additional surface lot for tenant parking. Steps from Overbrook Septa Station, this location offers easy access to the city and the Main Line. Easy access to City Ave, Lancaster Ave, and 76 and nearby institutions like Saint Joseph's University and Lankenau Hospital.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $2,723,387 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $680,847 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.52% | Building Size | 18,362 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 2.61/1,000 SF |
| Zoning | C2, Philadelphia - C2 zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels. | ||
| Price | $2,723,387 CAD |
| Price Per Unit | $680,847 CAD |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 18,362 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 2.61/1,000 SF |
| Zoning | C2, Philadelphia - C2 zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels. |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 881128100 | Improvements Assessment | $1,174,374 CAD |
| Land Assessment | $503,303 CAD | Total Assessment | $1,677,677 CAD |
PROPERTY TAXES
Parcel Number
881128100
Land Assessment
$503,303 CAD
Improvements Assessment
$1,174,374 CAD
Total Assessment
$1,677,677 CAD
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2115 N 63rd St
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