2115 N 63rd St 13 Unit Apartment Building $2,564,888 CAD ($197,299 CAD/Unit) 7.01% Cap Rate Philadelphia, PA 19151

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present the opportunity to acquire 2115 N 63rd Street, a mixed-use investment property located in the Overbrook section of Philadelphia.
The asset consists of a three-story building containing 11 residential units and two first-floor commercial spaces. The property includes 19 garages and additional surface parking, providing diversified income streams and long-term flexibility. The residential component features a balanced unit mix of two efficiencies, six one-bed units, one two-bed, one-bath unit, and two two-bedroom, two-bath units, with an average in-place rent of $1,109 per unit and total scheduled residential income of approximately $12,195 per month. The commercial portions, occupied by a fitness center and hair salon, further stabilize cash flow and enhance income diversification within the building.
Market rents support an average of approximately $1,171 per unit, indicating near-term mark-to-market upside of roughly $690 per month or 5.66 percent. This equates to over $8,000 annually, without significant renovation. Furthermore, if new owners injected capital to renovate units and common areas, they could raise the average rent to $1,382, which could earn an additional $3,005 monthly and approximately $36,000 annually, a 24.64 percent increase from in-place rent revenue.
Units feature a mix of electric and gas baseboard heating, electric hot water, gas cooking, and window cooling systems. Tenants are responsible for electricity, gas cooking, cable/internet, a $60 monthly water fee, and a $10 monthly technology fee. The building provides a common area laundry facility for tenants. Parking spaces are $125 per month.
The property offers excellent connectivity, with a Walk Score of 70 (“Very Walkable”) and a Transit Score of 64 (“Good Transit”). It sits just 0.3 miles from US-1 (City Avenue), one mile from I-76 (Schuylkill Expressway), and provides easy access to Lancaster Avenue (US-30) and the Main Line suburbs. Residents are steps from the Overbrook SEPTA Station on the Paoli/Thorndale Regional Rail Line (offering a ~15-minute ride to Center City Philadelphia) and benefit from multiple nearby bus routes (63, 65, and 105). The location is adjacent to the City Avenue commercial corridor (0.3 miles), featuring national retailers and dining, with additional shopping at 69th Street Terminal (2.5 miles). Recreational options include Morris Park and Cobbs Creek Park (0.8 miles), while major employment hubs such as University City (4 miles) and Center City Philadelphia (7 miles) are readily accessible by car or transit. Situated near Saint Joseph’s University and Fairmount Park, the asset delivers stable in-place cash flow with measurable upside in a well-connected West Philadelphia submarket.