Description
Cahill Arms Roxborough " this entirely unique multifamily investment property is loaded with original charm and modern conveniences and carries an 8.15% pro forma cap rate. With seven (7) 1-2-3 bedroom apartments and a 1:1 parking ratio (7-car driveway), this is a rare investment opportunity, now available in one of Philly's fastest growing submarkets. An ideal unit matrix is composed of: three (3) 3bd units, two (2) 2bd units, two (2) 1bd units " ensuring supreme rentability in every market cycle. The NWPHL (Northwest Philly) location is prime " easy access to Schuylkill River Trail, shops, cafes, restaurants and bars along Ridge Avenue corridor, as well as the Main Street Manayunk district. This location is highly favored in the Greater Philadelphia rental marketplace as tenants seek out spacious and affordable rental accommodations in "semi-suburban" edge city locales " close enough to the urban core, yet tranquil enough for a laid-back/outdoorsy lifestyle. Easily accessible to all of Philadelphia's main arteries and districts, including I-76, I-476, City Avenue, Ridge Avenue, Main Street + Center City, University City, The Main Line, and the suburbs. The parcel commands attention with its prominent corner placement. The gated building is luxuriously laid out with spaciously oversized units, 10' ceilings, beautiful corridors, custom millwork, bi-level and tri-level units, french balconies, exposed Wissahickon schist (stone) and other high-end building material selections. As a multifamily investment property, 70% rental upside exists for new Ownership to fill vacancies and reset existing rentals to market rate. Alternatively, thereis a $1M delta between the bulk market price of each unit (to be sold separately as condos) if that exit path is preferred. The condo association is active. Enquire within for pro forma financials.
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Description
Cahill Arms Roxborough " this entirely unique multifamily investment property is loaded with original charm and modern conveniences and carries an 8.15% pro forma cap rate. With seven (7) 1-2-3 bedroom apartments and a 1:1 parking ratio (7-car driveway), this is a rare investment opportunity, now available in one of Philly's fastest growing submarkets. An ideal unit matrix is composed of: three (3) 3bd units, two (2) 2bd units, two (2) 1bd units " ensuring supreme rentability in every market cycle. The NWPHL (Northwest Philly) location is prime " easy access to Schuylkill River Trail, shops, cafes, restaurants and bars along Ridge Avenue corridor, as well as the Main Street Manayunk district. This location is highly favored in the Greater Philadelphia rental marketplace as tenants seek out spacious and affordable rental accommodations in "semi-suburban" edge city locales " close enough to the urban core, yet tranquil enough for a laid-back/outdoorsy lifestyle. Easily accessible to all of Philadelphia's main arteries and districts, including I-76, I-476, City Avenue, Ridge Avenue, Main Street + Center City, University City, The Main Line, and the suburbs. The parcel commands attention with its prominent corner placement. The gated building is luxuriously laid out with spaciously oversized units, 10' ceilings, beautiful corridors, custom millwork, bi-level and tri-level units, french balconies, exposed Wissahickon schist (stone) and other high-end building material selections. As a multifamily investment property, 70% rental upside exists for new Ownership to fill vacancies and reset existing rentals to market rate. Alternatively, thereis a $1M delta between the bulk market price of each unit (to be sold separately as condos) if that exit path is preferred. The condo association is active. Enquire within for pro forma financials.
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