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3315 Spring Garden St
Philadelphia, PA 19104
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- $1M balance in Assumable loan for 3.7% until 2031
- Location - Heart of University City/Drexel University
- Turnkey, fully leased and low maintance
- Full management available
EXECUTIVE SUMMARY
Assumable loan at 3.7%, Newer construction in the heart of University city/Drexel university area. Large and modern units that rent themselves. 100% leased since construction producing great cashflow with very low maintenance. Tax abatement in place. Full management available for a turnkey investment.
PROPERTY FACTS
| Price Per Unit | $424,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.23% | Building Size | 4,080 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM1 - Residential mixed use zoning | ||
| Price Per Unit | $424,750 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,080 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2018 |
| Opportunity Zone |
Yes |
| Zoning | RM1 - Residential mixed use zoning |
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3315 Spring Garden St
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