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Lotus Portfolio, 102 Properties 3 biens • Spécialité • À vendre 25 906 024 $ CAD • Philadelphia, PA
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Résumé de l'annonce
Rare opportunity to acquire a 102-property / 108-unit Philadelphia residential portfolio offered at $18,800,000. The portfolio is primarily concentrated across key North and West Philadelphia ZIP codes, including 19132, 19104, 19121, 19139, 19143, 19131, 19151, 19140, 19133, and 19129, providing investors with immediate scale and diversified exposure across multiple workforce housing submarkets.
The portfolio is currently operated primarily as Housing Choice Voucher / Section 8 rentals, with approximately 89% leased occupancy and 84% Section 8 tenancy. Current ownership has completed substantial capital improvements, with approximately $9.77M in documented CapEx across the portfolio, averaging roughly $96,775 per property. Improvements include updated kitchens, bathrooms, flooring, lighting, paint, trim, cabinetry, fixtures, appliances, and broader unit-level modernization.
Offered at approximately $184,314 per door, the portfolio reflects an estimated 8.0% cap rate based on seller underwriting, with projected NOI of approximately $1.51M using a 38% operating expense assumption. Approximately 56% of the portfolio has remaining tax abatements, creating additional near-term cash flow support.
This is a compelling opportunity for investors seeking immediate scale, stabilized income, government-backed rent exposure, and long-term upside through rent optimization, continued operational efficiencies, and potential appreciation across Philadelphia’s affordable housing submarkets. Buyers are responsible for verifying all financials, rents, expenses, leases, abatements, property condition, and zoning during due diligence.
The portfolio is currently operated primarily as Housing Choice Voucher / Section 8 rentals, with approximately 89% leased occupancy and 84% Section 8 tenancy. Current ownership has completed substantial capital improvements, with approximately $9.77M in documented CapEx across the portfolio, averaging roughly $96,775 per property. Improvements include updated kitchens, bathrooms, flooring, lighting, paint, trim, cabinetry, fixtures, appliances, and broader unit-level modernization.
Offered at approximately $184,314 per door, the portfolio reflects an estimated 8.0% cap rate based on seller underwriting, with projected NOI of approximately $1.51M using a 38% operating expense assumption. Approximately 56% of the portfolio has remaining tax abatements, creating additional near-term cash flow support.
This is a compelling opportunity for investors seeking immediate scale, stabilized income, government-backed rent exposure, and long-term upside through rent optimization, continued operational efficiencies, and potential appreciation across Philadelphia’s affordable housing submarkets. Buyers are responsible for verifying all financials, rents, expenses, leases, abatements, property condition, and zoning during due diligence.
Faits sur la propriété
| Prix | 25 906 024 $ CAD | Nombre de propriétés | 102 |
| Prix/pi² | 5 040 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement ou propriétaire utilisateur | Taille totale du bâtiment | 5 140 pi² |
| Statut | Actif | Superficie totale du terrain | 0,06 AC |
| Prix | 25 906 024 $ CAD |
| Prix/pi² | 5 040 $ CAD / pi² |
| Type de vente | Investissement ou propriétaire utilisateur |
| Statut | Actif |
| Nombre de propriétés | 102 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 5 140 pi² |
| Superficie totale du terrain | 0,06 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 2326 N 19th St, Philadelphia, PA 19132 | Spécialité | 2 910 pi² | 1915 | - |
| 2814 N 9th St, Philadelphia, PA 19133 | Spécialité | 1 455 pi² | 1920 | - |
| 4521 Westminster Ave, Philadelphia, PA 19131 | Spécialité | 775 pi² | 1925 | - |
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Lotus Portfolio, 102 Properties
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