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222 W Chew Ave 8 Unit Apartment Building $720,000 ($90,000/Unit) Philadelphia, PA 19120
EXECUTIVE SUMMARY
Corner property. Value-Add oppertunity.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$96,000
|
$19.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,024
|
$0.60
|
| Effective Gross Income |
$92,976
|
$18.60
|
| Taxes |
$15,707
|
$3.14
|
| Operating Expenses |
$15,000
|
$3.00
|
| Total Expenses |
$30,707
|
$6.14
|
| Net Operating Income |
$62,269
|
$12.45
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $19.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,024 |
| Annual Per SF | $0.60 |
| Effective Gross Income | |
|---|---|
| Annual | $92,976 |
| Annual Per SF | $18.60 |
| Taxes | |
|---|---|
| Annual | $15,707 |
| Annual Per SF | $3.14 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $3.00 |
| Total Expenses | |
|---|---|
| Annual | $30,707 |
| Annual Per SF | $6.14 |
| Net Operating Income | |
|---|---|
| Annual | $62,269 |
| Annual Per SF | $12.45 |
PROPERTY FACTS
| Price | $720,000 | Building Class | C |
| Price Per Unit | $90,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1927 |
| Apartment Style | Low-Rise | ||
| Zoning | R5 | ||
| Price | $720,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1927 |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 881217110 | Total Assessment | $1,122,100 |
| Land Assessment | $567,350 | Annual Taxes | $15,707 ($3.14/SF) |
| Improvements Assessment | $554,750 | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
881217110
Land Assessment
$567,350
Improvements Assessment
$554,750
Total Assessment
$1,122,100
Annual Taxes
$15,707 ($3.14/SF)
Tax Year
2026
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222 W Chew Ave
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