$2,150,000 USD
215-302-4400
5600-5606 Germantown Ave
Philadelphia, PA 19144
Germantown
HIGHLIGHTS
- 16-Unit Mixed-Use Over 7,021 SF of Commercial
- Multifamily Value-Add Opportunity | There is a 25% rent upside as is, with the opportunity for a 38% increase if unit interiors are renovated
- Commercial Guarantees | Personal Guarantees have been signed with ownership
- Commercial Upside | About $60K of Upside if the Second Unit is Leased
- Ease of Transportation | 5 Minute Walk to SEPTA Regional Rail
FOR SALE DETAILS
PRICE
$2,150,000 USD
PRICE/SF
$87 USD /SF
# OF UNITS
16
PRICE/UNIT
$134,375
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Frederick Douglas Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1958
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.19 AC
LAND SF
8,059 SF
ZONING
C3
APN/PARCEL ID
881097326
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215-302-4400
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215-302-4400
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