See all 24 photos
24 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Mr. Saam Tashayyod • Trophy Commercial Real Estate LLC
$800,000
Est. payment /mo
1,988 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2640542
Style Other
Year Built 2022
Annual Tax Amount $1,226
Tax Year 2024
Lot Size 1,988 Sqft
Acres 0.05
Lot Dimensions 18.00 x 112.00
Property Sub-Type Other
Source BRIGHT
Property Description
We are pleased to present 4107 W Girard Avenue, a 5-unit multifamily investment opportunity located along the rapidly improving Girard Avenue corridor in West Philadelphia. The property totals approximately 4,568 rentable square feet and features five spacious one-bedroom apartments averaging approximately 914 square feet per unit.
The asset is currently stabilized and generates strong in-place cash flow, providing investors with immediate yield and a straightforward operational profile. The property's larger-than-average unit sizes differentiate it from competing multifamily inventory within the surrounding submarket, supporting strong tenant demand and long-term occupancy stability.
Current rents average approximately $1,450 per unit, while projected market rents are approximately $1,520 per unit, creating a clear mark-to-market opportunity through natural lease turnover. The combination of stable operations and embedded rental upside provides investors with a practical path to NOI growth without requiring significant capital expenditures.
Located along the Girard Avenue corridor, the property benefits from strong connectivity to University City, Center City, Fairmount Park, and major employment centers throughout Philadelphia. Continued investment and neighborhood improvement throughout the surrounding area have supported consistent rental demand and long-term appreciation potential.
Investment Highlights
5-Unit Multifamily Investment Opportunity
Approximately 4,568 Rentable Square Feet
Average Unit Size of 914 SF
Stabilized In-Place Cash Flow
Current NOI of Approximately $61,566
7.70% Going-In Cap Rate
Demonstrated Mark-to-Market Opportunity with Approximately 5% Rental Upside
Attractive Basis at $160,000 Per Unit and $175 PSF
Large One-Bedroom Floorplans Supporting Durable Tenant Demand
Convenient Access to University City, Center City, and Major Employment Hubs
Price: $800,000
Price/Unit: $160,000
Price/SF: $175.13
In-Place Cap Rate: 7.70%
Year 1 Cap Rate: 8.10%
The asset is currently stabilized and generates strong in-place cash flow, providing investors with immediate yield and a straightforward operational profile. The property's larger-than-average unit sizes differentiate it from competing multifamily inventory within the surrounding submarket, supporting strong tenant demand and long-term occupancy stability.
Current rents average approximately $1,450 per unit, while projected market rents are approximately $1,520 per unit, creating a clear mark-to-market opportunity through natural lease turnover. The combination of stable operations and embedded rental upside provides investors with a practical path to NOI growth without requiring significant capital expenditures.
Located along the Girard Avenue corridor, the property benefits from strong connectivity to University City, Center City, Fairmount Park, and major employment centers throughout Philadelphia. Continued investment and neighborhood improvement throughout the surrounding area have supported consistent rental demand and long-term appreciation potential.
Investment Highlights
5-Unit Multifamily Investment Opportunity
Approximately 4,568 Rentable Square Feet
Average Unit Size of 914 SF
Stabilized In-Place Cash Flow
Current NOI of Approximately $61,566
7.70% Going-In Cap Rate
Demonstrated Mark-to-Market Opportunity with Approximately 5% Rental Upside
Attractive Basis at $160,000 Per Unit and $175 PSF
Large One-Bedroom Floorplans Supporting Durable Tenant Demand
Convenient Access to University City, Center City, and Major Employment Hubs
Price: $800,000
Price/Unit: $160,000
Price/SF: $175.13
In-Place Cap Rate: 7.70%
Year 1 Cap Rate: 8.10%
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Interior
Hot Water Electric, Other
Heating Other
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer, Private Sewer
Water Private, Private/Community Water
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 062177100
Ownership Fee Simple
Special Listing Condition Standard
Read Less Info
Nearby School & Business
Get More Information