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The Penn Building 5400 Walnut St 14 Unité Immeuble d’appartements 2 092 650 $ CAD (149 475 $ CAD/Unité) 7% Taux de capitalisation Philadelphia, PA 19139
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Rental Upside: In-Place Rents are $100 to $300 Below Market
- Turnkey Investment Opportunity: Little to No Deferred Maintenance
- High Demand Market: Desirable Rental Market with +95% Occupancy
- Prominent Corner Location: Highly-Visible Location in Walnut Hill Neighborhood
- Qualified Opportunity Zone: Located within a Federal Opportunity Zone
- Proximity to Eds & Meds: UPenn, Drexel, St. Joe's, Penn Medicine, and CHOP
Résumé de l'annonce
The Penn Building is a mixed-use apartment community located at 5400 Walnut Street in the desirable Walnut Hill section of West Philadelphia. Situated on a prominent southwest corner with frontage along 54th Street and Walnut Street, the Property consists of ~11,160 square feet and benefits from excellent visibility and accessibility within one of Philadelphia’s strongest rental submarkets.
The Penn Building consists of 14 residential units featuring an attractive unit mix of (5) studio units, (8) one-bedroom apartments, and (1) two-bedroom apartment. The apartments feature open floor plans, modern kitchens with stainless steel appliances, and functional layouts that appeal to the surrounding renter demographic.
The Property offers immediate value-add potential through continued unit upgrades and operational improvements. Current in-place rents remain approximately $100 to $300 below market, providing new ownership with the opportunity to increase revenue and improve overall cash flow. Additionally, the Property includes a fully leased ground-floor commercial space occupied by a long-term grocery tenant, providing stable supplemental income to the asset.
Residents benefit from proximity to several of Philadelphia’s largest educational and medical institutions, including Drexel University, the University of Pennsylvania, Penn Medicine, the Children’s Hospital of Philadelphia, St. Joseph’s University, and the University City Science Center. Further, the Penn Building is conveniently located near regional rail, trolley, and bus lines, in addition to nearby retail, restaurants, and neighborhood amenities throughout West Philadelphia.
The Penn Building presents investors with the opportunity to acquire a well-located mixed-use asset with stable in-place cash flow, meaningful rental upside, and long-term demand drivers supported by the continued growth of University City and West Philadelphia.
The Penn Building consists of 14 residential units featuring an attractive unit mix of (5) studio units, (8) one-bedroom apartments, and (1) two-bedroom apartment. The apartments feature open floor plans, modern kitchens with stainless steel appliances, and functional layouts that appeal to the surrounding renter demographic.
The Property offers immediate value-add potential through continued unit upgrades and operational improvements. Current in-place rents remain approximately $100 to $300 below market, providing new ownership with the opportunity to increase revenue and improve overall cash flow. Additionally, the Property includes a fully leased ground-floor commercial space occupied by a long-term grocery tenant, providing stable supplemental income to the asset.
Residents benefit from proximity to several of Philadelphia’s largest educational and medical institutions, including Drexel University, the University of Pennsylvania, Penn Medicine, the Children’s Hospital of Philadelphia, St. Joseph’s University, and the University City Science Center. Further, the Penn Building is conveniently located near regional rail, trolley, and bus lines, in addition to nearby retail, restaurants, and neighborhood amenities throughout West Philadelphia.
The Penn Building presents investors with the opportunity to acquire a well-located mixed-use asset with stable in-place cash flow, meaningful rental upside, and long-term demand drivers supported by the continued growth of University City and West Philadelphia.
Faits sur la propriété
| Prix | 2 092 650 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 149 475 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,09 AC |
| Taux de capitalisation | 7% | Taille du bâtiment | 11 160 pi² |
| Nombre d’unités | 14 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1957/2013 |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Zonage | CMX-2 - Usage mixte commercial | ||
| Prix | 2 092 650 $ CAD |
| Prix par unité | 149 475 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7% |
| Nombre d’unités | 14 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 0,09 AC |
| Taille du bâtiment | 11 160 pi² |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1957/2013 |
| Zone de développement économique |
Oui |
| Zonage | CMX-2 - Usage mixte commercial |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Micro-ondes
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Bain/Douche
- Congélateur
Commodités du site
- Accès 24 heures
- CVCA contrôlé par le locataire
- Transport en commun
- Sans ascenseur
- Détecteur de fumée
1 1
Exceptionnellement accessible à pied
90/100
Relativement adapté aux voitures
30/100
Transports en commun exceptionnels
90/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 881215412 | Évaluation des bâtiments | 966 500 $ CAD |
| Évaluation du terrain | 414 214 $ CAD | Évaluation totale | 1 380 714 $ CAD |
Impôts fonciers
Numéro de lot
881215412
Évaluation du terrain
414 214 $ CAD
Évaluation des bâtiments
966 500 $ CAD
Évaluation totale
1 380 714 $ CAD
(215) 454-2879
x1002
Contacts
-
Kenneth Wellar -
Daniel Yadgaroff -
Corey Lonberger -
Chris Farmer -
Eli Pollack -
GREA
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Présenté par
The Penn Building | 5400 Walnut St
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