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4715 Springfield Ave
Philadelphia, PA 19143
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Investor Alert! Great Victorian 5 unit apartment building located on a tree lined street in the Squirrel Hill section of University City. Excellent value-add opportunity! Separate utilities except cold water. 3 BR unit completely renovated. Two studios and a 1 BR in avg. condition and one needs some work to get it rentable. The property can be purchased individually or in a package with 4802 Chester Ave., MLS PAPH2525994. Three units are currently underrented to long term tenants, with great potential to bring them up to market rents. Another is ready for rent, while the other needs TLC. New roofs and siding installed in 2021, including top flat rubber roof and pitched areas/turret. Brick facade refinished and pointed. Laundry in building and top unit has W/D in-unit. On the SEPTA trolly line with easy access to Center City. The location is appealing to a wide range of tenants from students to professionals, with it's proximity to Clark Park, University of Pennsylvania and University of the Sciences.
PROPERTY FACTS
| Price Per Unit | $107,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 5 | Building Size | 4,458 SF |
| Property Type | Multifamily | Average Occupancy | 60% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Zoning | RSA3 - Residential zoning classification used for attached and semi-detached houses. Intended to accommodate attached and semi-detached houses on individual | ||
| Price Per Unit | $107,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,458 SF |
| Average Occupancy | 60% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | RSA3 - Residential zoning classification used for attached and semi-detached houses. Intended to accommodate attached and semi-detached houses on individual |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Smoke Free
- Vintage Building
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 881705320 | Improvements Assessment | $338,590 |
| Land Assessment | $145,110 | Total Assessment | $483,700 |
PROPERTY TAXES
Parcel Number
881705320
Land Assessment
$145,110
Improvements Assessment
$338,590
Total Assessment
$483,700
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4715 Springfield Ave
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