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4107 W Girard Ave
Philadelphia, PA 19104
Land For Sale
·
0.05 AC
Investment Highlights
- Stabilized 5-Unit Multifamily Asset with Consistent In-Place Cash Flow
- Demonstrated Mark-to-Market Opportunity (~5% Rental Upside)
- Attractive Basis at $160,000 Per Unit and $175 PSF
- 7.70% Going-In Cap Rate with 8.10% Stabilized Yield
- Full Ten-Year Tax Abatement
- 1.39x Debt Coverage Ratio Providing Financing Stability
Executive Summary
We are pleased to present the exclusive offering of 4107 W Girard Avenue, a 5-unit multifamily investment located in the rapidly improving West Philadelphia corridor. The property consists of a mix of one- and two-bedroom units with large layouts and an average unit size of 913 square feet, providing strong rental demand and operational simplicity.
The asset is currently stabilized with in-place cash flow and offers a clear path to incremental upside through modest rent increases and continued operational efficiencies. With below-market rents across select units, investors can capture additional revenue while maintaining stable occupancy.
The property benefits from a Full 10-Year Philadelphia Tax Abatement that remains in effect through 2032. With more than six years of abatement remaining, ownership enjoys significantly reduced real estate taxes, resulting in stronger in-place cash flow and enhanced investment returns. The remaining abatement period represents a valuable economic benefit to a purchaser, providing a predictable operating expense structure and additional upside compared to comparable assets without tax relief.
The asset is currently stabilized with in-place cash flow and offers a clear path to incremental upside through modest rent increases and continued operational efficiencies. With below-market rents across select units, investors can capture additional revenue while maintaining stable occupancy.
The property benefits from a Full 10-Year Philadelphia Tax Abatement that remains in effect through 2032. With more than six years of abatement remaining, ownership enjoys significantly reduced real estate taxes, resulting in stronger in-place cash flow and enhanced investment returns. The remaining abatement period represents a valuable economic benefit to a purchaser, providing a predictable operating expense structure and additional upside compared to comparable assets without tax relief.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.05 AC |
| Zoning | RSA-5 - RSA5-Residential Single Family Attached-5 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.05 AC |
| Zoning | RSA-5 - RSA5-Residential Single Family Attached-5 |
1 Lot Available
Lot
| Price | $1,137,808 CAD | Lot Size | 0.05 AC |
| Price Per AC | $24,734,957.32 CAD |
| Price | $1,137,808 CAD |
| Price Per AC | $24,734,957.32 CAD |
| Lot Size | 0.05 AC |
Property Taxes
| Parcel Number | 062177100 | Improvements Assessment | $814,870 CAD |
| Land Assessment | $90,541 CAD | Total Assessment | $905,411 CAD |
Property Taxes
Parcel Number
062177100
Land Assessment
$90,541 CAD
Improvements Assessment
$814,870 CAD
Total Assessment
$905,411 CAD
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