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1951 Point Breeze Ave 30 Unit Apartment Building $9,200,000 ($306,667/Unit) 6.50% Cap Rate Philadelphia, PA 19145
INVESTMENT HIGHLIGHTS
- 90% OCCUPIED STABILIZED 30 UNIT NEW CONSTRUCTION APARTMENT
EXECUTIVE SUMMARY
1951 POINT BREEZE AVE • PHILADELPHIA, PA 19146
LUXURY 30-UNIT NEW CONSTRUCTION APARTMENT BUILDING – CLASS A ASSET
INTRODUCING 1951 POINT BREEZE AVE, A PREMIER CLASS A, 30-UNIT LUXURY APARTMENT BUILDING LOCATED IN ONE OF PHILADELPHIA’S FASTEST-GROWING NEIGHBORHOODS. BUILT JUST 2 YEARS AGO, THIS MODERN PROPERTY OFFERS INVESTORS A FULLY STABILIZED, TURN-KEY INCOME-PRODUCING ASSET WITH 90% OCCUPANCY AND STRONG RENTAL DEMAND.
THIS HIGH-QUALITY BUILDING DELIVERS $52,000+ IN MONTHLY INCOME, SUPPORTED BY AN APPROVED TAX ABATEMENT, ENSURING EXCEPTIONAL LONG-TERM CASH FLOW AND MINIMIZED OPERATING EXPENSES. WITH LOW MAINTENANCE COSTS, CONTEMPORARY FINISHES, AND ENERGY-EFFICIENT SYSTEMS, THIS IS THE TYPE OF ASSET INSTITUTIONAL INVESTORS SEEK IN CORE-PLUS MARKETS.
LUXURY 30-UNIT NEW CONSTRUCTION APARTMENT BUILDING – CLASS A ASSET
INTRODUCING 1951 POINT BREEZE AVE, A PREMIER CLASS A, 30-UNIT LUXURY APARTMENT BUILDING LOCATED IN ONE OF PHILADELPHIA’S FASTEST-GROWING NEIGHBORHOODS. BUILT JUST 2 YEARS AGO, THIS MODERN PROPERTY OFFERS INVESTORS A FULLY STABILIZED, TURN-KEY INCOME-PRODUCING ASSET WITH 90% OCCUPANCY AND STRONG RENTAL DEMAND.
THIS HIGH-QUALITY BUILDING DELIVERS $52,000+ IN MONTHLY INCOME, SUPPORTED BY AN APPROVED TAX ABATEMENT, ENSURING EXCEPTIONAL LONG-TERM CASH FLOW AND MINIMIZED OPERATING EXPENSES. WITH LOW MAINTENANCE COSTS, CONTEMPORARY FINISHES, AND ENERGY-EFFICIENT SYSTEMS, THIS IS THE TYPE OF ASSET INSTITUTIONAL INVESTORS SEEK IN CORE-PLUS MARKETS.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $9,200,000 | Building Class | B |
| Price Per Unit | $306,667 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 45,000 SF |
| Cap Rate | 6.50% | Average Occupancy | 90% |
| No. Units | 30 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.27/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | CMX2 | ||
| Price | $9,200,000 |
| Price Per Unit | $306,667 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 45,000 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | CMX2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Elevator
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 993 |
| 2+1 | 2 | - | 932 |
| 2+2 | 26 | - | 731 - 1,058 |
| 3+3 | 1 | - | 2,500 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 881000304 | Total Assessment | $5,579,000 (2026) |
| Land Assessment | $557,900 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $5,021,100 (2026) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
881000304
Land Assessment
$557,900 (2026)
Improvements Assessment
$5,021,100 (2026)
Total Assessment
$5,579,000 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1951 Point Breeze Ave
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