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First Class Learning Academy 1851 Germantown Ave 7 Unit Apartment Building $2,350,000 ($335,714/Unit) 8.03% Cap Rate Philadelphia, PA 19122
INVESTMENT HIGHLIGHTS
- 2019 Construction
- 7 units - first floor commercial; 2nd and 3rd floor apartments
EXECUTIVE SUMMARY
1851 Germantown Avenue | Philadelphia, PA
Turnkey Mixed-Use Investment – Fully Leased, New Construction
Built in 2019, this modern mixed-use building offers investors a stable, high-yield opportunity in the rapidly developing Lower North Philadelphia corridor, just minutes from Temple University and Fishtown.
The property features a ground-floor commercial daycare tenant with a long-term lease and six residential apartments above. Each apartment offers contemporary finishes, open layouts, and strong rental demand in a high-growth submarket.
In-place 8 cap!!
The building is 100% occupied with reliable, long-term tenants producing net operating income of approximately $187,000 annually. Offered at $2,350,000, this asset delivers both steady cash flow and long-term appreciation potential in one of Philadelphia’s most active redevelopment zones.
Highlights:
– 2019 new construction – modern systems and design
– CMX-2 zoning
– 6 residential condos + 1 commercial unit
– 100% leased / NOI ˜ $187,000
– Professionally managed, low maintenance
Turnkey Mixed-Use Investment – Fully Leased, New Construction
Built in 2019, this modern mixed-use building offers investors a stable, high-yield opportunity in the rapidly developing Lower North Philadelphia corridor, just minutes from Temple University and Fishtown.
The property features a ground-floor commercial daycare tenant with a long-term lease and six residential apartments above. Each apartment offers contemporary finishes, open layouts, and strong rental demand in a high-growth submarket.
In-place 8 cap!!
The building is 100% occupied with reliable, long-term tenants producing net operating income of approximately $187,000 annually. Offered at $2,350,000, this asset delivers both steady cash flow and long-term appreciation potential in one of Philadelphia’s most active redevelopment zones.
Highlights:
– 2019 new construction – modern systems and design
– CMX-2 zoning
– 6 residential condos + 1 commercial unit
– 100% leased / NOI ˜ $187,000
– Professionally managed, low maintenance
PROPERTY FACTS
| Price | $2,350,000 | Building Class | C |
| Price Per Unit | $335,714 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 8.03% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CMX2 - Allows for a combination of residential and commercial uses in the same building or on the same site | ||
| Price | $2,350,000 |
| Price Per Unit | $335,714 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2019 |
| Opportunity Zone |
Yes |
| Zoning | CMX2 - Allows for a combination of residential and commercial uses in the same building or on the same site |
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Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 881078516 | Improvements Assessment | $1,268,010 |
| Land Assessment | $140,890 | Total Assessment | $1,408,900 |
PROPERTY TAXES
Parcel Number
881078516
Land Assessment
$140,890
Improvements Assessment
$1,268,010
Total Assessment
$1,408,900
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