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4111 Ludlow St
Philadelphia, PA 19104
University City - 9 unit, new construction · Multifamily Property For Sale
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9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 8,500 SF |
| Property Subtype | Apartment | Average Occupancy | 33% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2020 |
| Zoning | CMX4 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 33% |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | CMX4 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Breakfast Nook
- Deck
- Double Pane Windows
- Freezer
- Handrails
- Intercom
Site Amenities
- Trash Pickup - Curbside
- Public Transportation
About 4111 LUDLOW ST , PHILADELPHIA, PA 19104
All new construction: 9 units, 10 full and 5 half baths, 8,500 sf, 4 story apartment building. 5 UNITS ARE CURRENTLY LEASED. All high end finishes, such as stainless, D/W's, micro's, granite, glass top stoves, bamboo hardwood, designer baths, some multi-level apartments, unique layouts, W/D in each apartment, energy efficient heaters, nine foot ceilings, sunny, buzzer/intercom, recessed lighting, designer tile and more. All units have access to common rooftop deck. Absolutely prime location just a short walk to UPenn & Drexel, Fresh Grocer, Gourmet restaurants, transportation, CVS, movie theaters, etc. All within three blocks. 10 year tax abatement will transfer to new owner. Expected completion date 3/25/20. Expenses - Taxes $3,175 Common electric 840.00 Common water 1,960.00 Insurance 4,800.00 Maintenance 3,693.00 Vacancy 3,720.00 Management 8,100.00 Total expenses 26,288 Projected Gross annual income is $182,400 NOI: $156,112 Cap Rate: 6.0% Asking Price: $2,595,000
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $1,835 | 1,000 - 1,200 |
| 1+2 | 3 | $1,425 | 670 |
| 2+1 | 3 | $1,773 | 800 |
Property Taxes
| Parcel Number | 881442746 | Improvements Assessment | $1,823,130 |
| Land Assessment | $202,570 | Total Assessment | $2,025,700 |
Property Taxes
