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359 Lyceum Ave 4 Unit Apartment Building $1,269,407 CAD ($317,352 CAD/Unit) 8% Cap Rate Philadelphia, PA 19128
Investment Highlights
- PRIME ROXBOROUGH LOCATION
- BONUS BUNGALOW UNIT & 1:1 PARKING
- LIGHT VALUE-ADD MULTIFAMILY
Executive Summary
359 Lyceum is a light VALUE-ADD QUADPLEX (4 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. 359 Lyceum is comprised of two (2) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with PRIVATE DRIVEWAY for 1:1 tenant parking and AND a private 1bd x 1ba BONUS BUNGALOW UNIT. Invest in a Top-10 USA MSA with this 8% CAP MULTIFAMILY real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials. The bonus bungalow unit will not qualify for financing; deal must be structured as 4-unit acquisition.
Property Facts
| Price | $1,269,407 CAD | Building Class | B |
| Price Per Unit | $317,352 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,260 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RSA3 | ||
| Price | $1,269,407 CAD |
| Price Per Unit | $317,352 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 4,260 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | RSA3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 212098600 | Improvements Assessment | $834,977 CAD |
| Land Assessment | $208,641 CAD | Total Assessment | $1,043,618 CAD |
Property Taxes
Parcel Number
212098600
Land Assessment
$208,641 CAD
Improvements Assessment
$834,977 CAD
Total Assessment
$1,043,618 CAD
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359 Lyceum Ave
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