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Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $833
Subdivision Kingsessing
MLS Listing ID PAPH2654814
Style AirLite
Abv Grd Liv Area 900
Year Built 1925
Annual Tax Amount $3,664
Tax Year 2025
Lot Size 3,200 Sqft
Acres 0.07
Lot Dimensions 32.00 x 100.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Cap: 5.78%
7 Units
Portfolio Overview
Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia.
The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements.
Seller is willing to sell properties individually or as a portfolio.
5410 Springfield Ave:
Financial Summary:
Asking Price
$750,000
Property Type
Five Unit Multifamily
Financial Summary
Gross Monthly Income:
$5,995
Gross Annual Income:
$71,940
Annual NOI:
Approximately $58,068
Cap Rate:
7.74%
Property Highlights
• Five-unit apartment building
• Strong in-place cash flow
• Recent appraisal available
• Fully renovated
• Stable tenancy
• Excellent condition
Building Information
Utilities:
Separately metered
Electric paid by tenants
Gas paid by tenants
Water/Sewer paid by owner
Heating
Combination electric and gas heat
Cooling -None
Roof -Approximately 4 years old
Water Heaters -Approximately 4 years old
Electrical -Approximately 4 years old
Plumbing -Approximately 4 years old
Renovations -Complete renovation completed
Unit Condition -Excellent
Capital Improvements:
Heater replacement anticipated around 2028
Parking -None
Deferred Maintenance -None reported
Environmental Concerns -None known
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RM1
Rooms
Basement Connecting Stairway
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Utilities Available Cable TV Available, Electric Available, Natural Gas Available
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 900
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 514120900
Ownership Fee Simple
SqFt Source 900
Special Listing Condition Standard
Nearby School & Business
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