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4107 W Girard Ave
Philadelphia, PA 19104
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Stabilized 5-Unit Multifamily Asset with consistent in-place cash flow
- Demonstrated Mark-to-Market Opportunity (5% rental upside)
- Attractive Basis at $160,000 per unit and $175 PSF
- 7.70% Going-In Cap Rate with 8.10% Stabilized Yield
- Full 10-Year Philadelphia Tax Abatement
- 1.39x Debt Coverage Ratio, providing financing stability
Executive Summary
We are pleased to present the exclusive offering of 4107 W Girard Avenue, a 5-unit multifamily investment located in the rapidly improving West Philadelphia corridor. The property consists of a mix of one- and two-bedroom units with large layouts and an average unit size of 913 square feet, providing strong rental demand and operational simplicity.
The asset is currently stabilized with in-place cash flow and offers a clear path to incremental upside through modest rent increases and continued operational efficiencies. With below-market rents across select units, investors can capture additional revenue while maintaining stable occupancy.
The property benefits from a Full 10-Year Philadelphia Tax Abatement that remains in effect through 2032. With more than six years of abatement remaining, ownership enjoys significantly reduced real estate taxes, resulting in stronger in-place cash flow and enhanced investment returns. The remaining abatement period represents a valuable economic benefit to a purchaser, providing a predictable operating expense structure and additional upside compared to comparable assets without tax relief.
The asset is currently stabilized with in-place cash flow and offers a clear path to incremental upside through modest rent increases and continued operational efficiencies. With below-market rents across select units, investors can capture additional revenue while maintaining stable occupancy.
The property benefits from a Full 10-Year Philadelphia Tax Abatement that remains in effect through 2032. With more than six years of abatement remaining, ownership enjoys significantly reduced real estate taxes, resulting in stronger in-place cash flow and enhanced investment returns. The remaining abatement period represents a valuable economic benefit to a purchaser, providing a predictable operating expense structure and additional upside compared to comparable assets without tax relief.
Property Facts
| Price Per Unit | $160,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 7.70% | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 5,664 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2022 |
| Zoning | RSA5 | ||
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,664 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Zoning | RSA5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
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