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5352 Cedar Ave
Philadelphia, PA 19143
5352-54 Cedar Ave · Immeuble residentiel Propriété À vendre
·
6 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Well-balanced unit mix including 3BR, 2BR, and 1BR layouts
- First-floor 3-bedroom units feature private rear yards, commanding premium rents
- Access to major employment centers, hospitals, and universities
- Attractive yield based on market-supported rent projections
- Positioned directly across from PHMC Public Health Campus
- Cedar Park / Cobbs Creek continues to see steady investor activity and rent growth
Résumé de l'annonce
5352–54 Cedar Avenue presents a six-unit multifamily investment opportunity located in the Cobbs Creek / Cedar Park section of West Philadelphia. Positioned directly along Cedar Avenue and across from the PHMC Public Health Campus, the property benefits from a strong institutional anchor and consistent tenant demand driven by nearby employment and neighborhood growth.
The asset consists of a well-balanced unit mix including two (2) three-bedroom, two-bathroom units, three (3) two-bedroom, one-bathroom units, and one (1) one-bedroom, one-bathroom unit. The first-floor three-bedroom units feature private rear yard access, a highly desirable amenity that enhances tenant appeal, supports premium rental rates, and contributes to long-term tenant retention.
The property is delivered vacant, offering investors a rare opportunity to execute a full lease-up strategy at current market rents without the constraints of legacy tenancy. Based on projected stabilized rents, the asset is expected to achieve a Gross Potential Income of approximately $131,400 annually.
A 10-year tax abatement provides a significant reduction in real estate taxes during the early years of ownership, resulting in improved net operating income and enhanced cash flow. This favorable tax treatment, combined with a projected stabilized cap rate of approximately 7.0%, positions the property as an attractive investment for both yield-focused and long-term hold strategies.
The surrounding Cobbs Creek and Cedar Park neighborhoods have experienced continued residential demand due to their proximity to University City, one of Philadelphia’s largest employment and education hubs. The area offers convenient access to Center City via public transportation, as well as proximity to major institutions, healthcare facilities, and retail corridors.
Rental demand in the submarket is supported by a diverse tenant base, including healthcare employees, university-affiliated renters, and residents seeking more affordable alternatives to core urban neighborhoods. The subject property’s unit mix is well-aligned with current market demand, offering a combination of larger family-oriented units and smaller, efficient layouts.
Comparable rental data in the immediate area supports the projected rent schedule, with one-bedroom units achieving approximately $1,350 to $1,550 per month, two-bedroom units ranging from $1,600 to $1,800 per month, and three-bedroom units achieving between $2,100 and $2,500 per month depending on layout and amenities. Units with private outdoor space, such as the subject’s first-floor three-bedroom units, command premium pricing and are particularly sought after.
From an operational standpoint, the property benefits from a straightforward management profile with limited near-term capital expenditure requirements. The building’s configuration and unit layout provide flexibility in tenant placement and leasing strategy, while the vacant delivery allows for immediate income optimization.
This offering represents an opportunity to acquire a well-located multifamily asset with strong projected income, favorable tax treatment, and immediate lease-up potential. The combination of location, unit mix, and amenity features positions the property for stable cash flow and long-term appreciation.
The asset consists of a well-balanced unit mix including two (2) three-bedroom, two-bathroom units, three (3) two-bedroom, one-bathroom units, and one (1) one-bedroom, one-bathroom unit. The first-floor three-bedroom units feature private rear yard access, a highly desirable amenity that enhances tenant appeal, supports premium rental rates, and contributes to long-term tenant retention.
The property is delivered vacant, offering investors a rare opportunity to execute a full lease-up strategy at current market rents without the constraints of legacy tenancy. Based on projected stabilized rents, the asset is expected to achieve a Gross Potential Income of approximately $131,400 annually.
A 10-year tax abatement provides a significant reduction in real estate taxes during the early years of ownership, resulting in improved net operating income and enhanced cash flow. This favorable tax treatment, combined with a projected stabilized cap rate of approximately 7.0%, positions the property as an attractive investment for both yield-focused and long-term hold strategies.
The surrounding Cobbs Creek and Cedar Park neighborhoods have experienced continued residential demand due to their proximity to University City, one of Philadelphia’s largest employment and education hubs. The area offers convenient access to Center City via public transportation, as well as proximity to major institutions, healthcare facilities, and retail corridors.
Rental demand in the submarket is supported by a diverse tenant base, including healthcare employees, university-affiliated renters, and residents seeking more affordable alternatives to core urban neighborhoods. The subject property’s unit mix is well-aligned with current market demand, offering a combination of larger family-oriented units and smaller, efficient layouts.
Comparable rental data in the immediate area supports the projected rent schedule, with one-bedroom units achieving approximately $1,350 to $1,550 per month, two-bedroom units ranging from $1,600 to $1,800 per month, and three-bedroom units achieving between $2,100 and $2,500 per month depending on layout and amenities. Units with private outdoor space, such as the subject’s first-floor three-bedroom units, command premium pricing and are particularly sought after.
From an operational standpoint, the property benefits from a straightforward management profile with limited near-term capital expenditure requirements. The building’s configuration and unit layout provide flexibility in tenant placement and leasing strategy, while the vacant delivery allows for immediate income optimization.
This offering represents an opportunity to acquire a well-located multifamily asset with strong projected income, favorable tax treatment, and immediate lease-up potential. The combination of location, unit mix, and amenity features positions the property for stable cash flow and long-term appreciation.
Faits sur la propriété
| Prix par unité | 306 475 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,04 AC |
| Taux de capitalisation | 7,04% | Taille du bâtiment | 4 840 pi² |
| Nombre d’unités | 6 | Occupation moyenne | 0% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 3 |
| Sous-type de propriété | Appartement | Année de construction/rénovation | 1945/2026 |
| Style d’appartement | De faible hauteur | ||
| Zonage | RM1 - Zoning supports current use with potential for density up to allowable limits subject to code | ||
| Prix par unité | 306 475 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,04% |
| Nombre d’unités | 6 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,04 AC |
| Taille du bâtiment | 4 840 pi² |
| Occupation moyenne | 0% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1945/2026 |
| Zonage | RM1 - Zoning supports current use with potential for density up to allowable limits subject to code |
Commodités
- Détecteur de fumée
Commodités des unités
- Climatisation
- Lave-vaisselle
- Traitement des déchets
- Micro-ondes
- Espace d'entreposage
- Laveuse/Sécheuse
- Ventilateurs de plafond
- Planchers de tuiles
- Cuisine
- Comptoirs de granit
- Planchers de bois franc
- Four
- Système de gicleur
- Électroménagers en acier inoxydable
- Fourchette
- Bain/Douche
- Cour
- Sous-sol
- Coin petit‑déjeuner
- Salle à manger
- Fenêtres à double vitrage
- Miroirs encadrés
- Congélateur
- Jardin
- Rampes
- Îlot de cuisine
- Porche
- Couvre-fenêtres
Commodités du site
- Chambres à coucher individuelles avec serrures
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 3+2 | 2 | 3 192 $ CAD | - |
| 2+1 | 3 | 2 359 $ CAD | - |
| 1+1 | 1 | 2 012 $ CAD | - |
Impôts fonciers
| Numéro de lot | 881450860 | Évaluation des bâtiments | 661 291 $ CAD |
| Évaluation du terrain | 73 415 $ CAD | Évaluation totale | 734 707 $ CAD |
Impôts fonciers
Numéro de lot
881450860
Évaluation du terrain
73 415 $ CAD
Évaluation des bâtiments
661 291 $ CAD
Évaluation totale
734 707 $ CAD
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