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Multifamily

Queen Village & Bella Vista Portfolio

506 S 4th St, Philadelphia, PA 19147

Listing Price: $4,000,000

Cap Rate
5.25%
Number of Units
24
Occupancy
95.0%
Price/Unit
$166,667
Price/Gross SF
$176.21
Gross SF
22,700

Investment Overview

Marcus & Millichap is pleased to present for sale The Queen Village & Bella Vista Portfolio. Located in two of the most desirable neighborhoods in Philadelphia, this rare offering consists of (3) offerings. The Entire Portfolio, Portfolio 1 & Portfolio 2. Entire Portfolio: The option is available to a qualified investor to purchase the whole portfolio at a total list price of $5,450,000 Portfolio 1: A 20-Unit Value-Add Apartment Portfolio across seven (7) addresses. This package is being offered at a list price of $4,000,000. Portfolio 2: Consists of (3) addresses all adjacent to one another. It includes a large duplex that faces the street and (2) single-family homes situated on the cross street directly behind the duplex. This package is being offered at a list price of $1,450,000. *More detailed information about the separate portfolios and individual properties can be found in their respective sections of this Offering Memorandum**

Investment Highlights

  • 24 Units in Two of The Most Desirable Neighborhoods in Philadelphia
  • Value-Add Opportunity: In-Place Rents Average $115 Below Comparable Rents in the Neighborhood
  • Strong Historical Occupancy: Consistently 100 Percent Occupied
  • 25 Percent of the Units are Bi-Level & 45 Percent Feature a Private Yard or Roof Deck

Exclusively Listed By

Financing By

Multifamily

Queen Village & Bella Vista Portfolio

Listing Price: $4,000,000

Cap Rate
5.25%
Number of Units
24
Occupancy
95.0%
Price/Unit
$166,667
Price/Gross SF
$176.21
Gross SF
22,700

Investment Highlights

  • 24 Units in Two of The Most Desirable Neighborhoods in Philadelphia
  • Value-Add Opportunity: In-Place Rents Average $115 Below Comparable Rents in the Neighborhood
  • Strong Historical Occupancy: Consistently 100 Percent Occupied
  • 25 Percent of the Units are Bi-Level & 45 Percent Feature a Private Yard or Roof Deck

Investment Overview

Marcus & Millichap is pleased to present for sale The Queen Village & Bella Vista Portfolio. Located in two of the most desirable neighborhoods in Philadelphia, this rare offering consists of (3) offerings. The Entire Portfolio, Portfolio 1 & Portfolio 2. Entire Portfolio: The option is available to a qualified investor to purchase the whole portfolio at a total list price of $5,450,000 Portfolio 1: A 20-Unit Value-Add Apartment Portfolio across seven (7) addresses. This package is being offered at a list price of $4,000,000. Portfolio 2: Consists of (3) addresses all adjacent to one another. It includes a large duplex that faces the street and (2) single-family homes situated on the cross street directly behind the duplex. This package is being offered at a list price of $1,450,000. *More detailed information about the separate portfolios and individual properties can be found in their respective sections of this Offering Memorandum**

Exclusively Listed By

Financing By

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