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Multifamily

4710 Springfield Avenue

4710 Springfield Ave, Philadelphia, PA 19143

Listing Price: $750,000

Cap Rate
5.26%
Number of Units
5
Occupancy
100.0%
Price/Unit
$150,000
Price/Gross SF
$194.35
Gross SF
3,859

Investment Overview

Marcus & Millichap is pleased to present, 4710 Springfield Avenue, a quality five-unit multifamily property located in the Squirrel Hill neighborhood of Philadelphia. The property is within a quarter mile from University of The Sciences, Baltimore Avenue, as well as being just a couple blocks from Clark Park. The property has been well maintained by ownership over the years. All units are outfitted with hardwood and tile floors. The rooms are well lit with natural light, providing ample light and living space for its tenants. Uniquely, the building sits on an oversized property providing a spacious backyard for tenants, which sets it apart from the majority of local comparable properties. The property rents are solid for the local market, with some opportunity to increase rents. The electric is separately metered and paid by the tenants. An incoming investor can see an increased return through billing back the heat and hot water to tenants which is shared and currently being paid by the landlord.

Investment Highlights

  • Well Maintained and Comfortable Units
  • Great Proximity to University of The Sciences, University of Penn, CHOP, & University of Penn Hospital
  • Nearby Amenities of Baltimore Avenue & Clark Park
  • Quality Rents with Opportunity to Increase
  • New Roof & Bricks Pointed
  • Oversized Property

Exclusively Listed By

Listing Price: $750,000

Cap Rate
5.26%
Number of Units
5
Occupancy
100.0%
Price/Unit
$150,000
Price/Gross SF
$194.35
Gross SF
3,859

Investment Highlights

  • Well Maintained and Comfortable Units
  • Great Proximity to University of The Sciences, University of Penn, CHOP, & University of Penn Hospital
  • Nearby Amenities of Baltimore Avenue & Clark Park
  • Quality Rents with Opportunity to Increase
  • New Roof & Bricks Pointed
  • Oversized Property

Investment Overview

Marcus & Millichap is pleased to present, 4710 Springfield Avenue, a quality five-unit multifamily property located in the Squirrel Hill neighborhood of Philadelphia. The property is within a quarter mile from University of The Sciences, Baltimore Avenue, as well as being just a couple blocks from Clark Park. The property has been well maintained by ownership over the years. All units are outfitted with hardwood and tile floors. The rooms are well lit with natural light, providing ample light and living space for its tenants. Uniquely, the building sits on an oversized property providing a spacious backyard for tenants, which sets it apart from the majority of local comparable properties. The property rents are solid for the local market, with some opportunity to increase rents. The electric is separately metered and paid by the tenants. An incoming investor can see an increased return through billing back the heat and hot water to tenants which is shared and currently being paid by the landlord.

Exclusively Listed By

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