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4123&27 Westminster Avenue, a 12-unit multifamily investment located in West Philadelphia.'‹ The asset consists of a balanced mix of six 1-bedroom units and six 2-bedroom units, averaging approximately 750 square feet per unit, offering an efficient and highly marketable unit mix that appeals to a broad tenant base. The unit mix caters to a broad tenant base, including students, young professionals, and roommate-style renters, resulting in strong leasing demand and operational stability.'‹ The asset benefits from a straightforward layout, consistent unit configuration, and efficient property management.'‹ The property is in year 1 of the full 10-year tax abatement.'‹ At the asking price of $2,375,000, the asset delivers an inplace Net Operating Income of approximately $168,566, equating to a 7.10% cap rate, with the ability to achieve a stabilized NOI of approximately $185,250 (7.80% cap) through mark-to-market leasing.'‹ Investment Highlights *'‹12-Unit Multifamily Asset '‹*7.10% In-Place Cap Rate *'‹7.80% Stabilized Cap Rate '‹*Average Unit Size: 750 SF '‹*Below-Market Rents with Immediate Upside '‹*Total Rentable SF: 9,000 SF '‹*Average Rent: $1,562 vs. $1,691 Market '‹*10-year Tax Abatement '‹*In-Place NOI: $168,566 '‹*Stabilized NOI: $185,250 '‹*Strong In-Place Cash Flow with Value-Add Potential
Source: BRIGHT MLS, MLS#: PAPH2622626
