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Multifamily

4242 Pine Street

4242 Pine St, Philadelphia, PA 19104

Listing Price: $895,000

Cap Rate
5.64%
Number of Units
4
Price/Unit
$223,750
Price/Gross SF
$298.33
Gross SF
3,000

Investment Overview

Marcus & Millichap is pleased to present this 4-unit apartment building located at 4242 Pine Street in University City area of Philadelphia. The building is situated one block from Clark Park and a short walk to University of Penn and the University of the Sciences Campuses. The property is ideal for an investor looking for a value-add property to enter the University City multi-family investment market. The building has been occupied with long term tenants that are all on short term leases. Majority of the tenants are UPenn graduate students and young working professionals. The current rents are all under market value. The property sits a block away from Clark Park which is the hub of activity for the surrounding neighborhoods. The ever-growing number of restaurants and shops on Baltimore Ave. are a popular destination for residents and visitors.

Investment Highlights

  • Spruce Hill 4 - Unit Multi-Family Building
  • Value-Add Opportunity in Rents
  • Located only Blocks from The University of Pennsylvania Campus
  • One Block from Clark Park

Exclusively Listed By

Financing By

Listing Price: $895,000

Cap Rate
5.64%
Number of Units
4
Price/Unit
$223,750
Price/Gross SF
$298.33
Gross SF
3,000

Investment Highlights

  • Spruce Hill 4 - Unit Multi-Family Building
  • Value-Add Opportunity in Rents
  • Located only Blocks from The University of Pennsylvania Campus
  • One Block from Clark Park

Investment Overview

Marcus & Millichap is pleased to present this 4-unit apartment building located at 4242 Pine Street in University City area of Philadelphia. The building is situated one block from Clark Park and a short walk to University of Penn and the University of the Sciences Campuses. The property is ideal for an investor looking for a value-add property to enter the University City multi-family investment market. The building has been occupied with long term tenants that are all on short term leases. Majority of the tenants are UPenn graduate students and young working professionals. The current rents are all under market value. The property sits a block away from Clark Park which is the hub of activity for the surrounding neighborhoods. The ever-growing number of restaurants and shops on Baltimore Ave. are a popular destination for residents and visitors.

Exclusively Listed By

Financing By

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