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701-703 W Girard Ave 11 Unit Apartment Building $1,975,000 ($179,545/Unit) 17.44% Cap Rate Philadelphia, PA 19123
Executive Summary
Presenting a rare opportunity to acquire a corner, 13-unit mixed-use value-add building in highly sought-after Northern Liberties. **Financials are estiamted based on sec. 8 rents** Surrounded by new development, this expansive double-wide property is already 85% complete and positioned to achieve Group 4 rents under the Section 8 schedule. Priced below market with significant potential for additional upside, this asset offers an exceptional investment play in one of the area’s most desirable neighborhoods. **Seller financing available: 20% down / 10 yr note / 6% rate / interest only.**
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,975,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $179,545 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 17.44% | Building Size | 8,600 SF |
| Sale Condition | Deferred Maintenance | No. Stories | 4 |
| No. Units | 11 | Year Built | 1915 |
| Property Type | Multifamily | Cross Streets | 7th St |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CMX-2.5 - CMX-2.5 is intended to accommodate commercial uses in a pedestrian-friendly environment in commercial nodes and along commercial corridors. | ||
| Price | $1,975,000 |
| Price Per Unit | $179,545 |
| Sale Type | Investment |
| Cap Rate | 17.44% |
| Sale Condition | Deferred Maintenance |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,600 SF |
| No. Stories | 4 |
| Year Built | 1915 |
| Cross Streets | 7th St |
| Opportunity Zone |
Yes |
| Zoning | CMX-2.5 - CMX-2.5 is intended to accommodate commercial uses in a pedestrian-friendly environment in commercial nodes and along commercial corridors. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 881006940 | Improvements Assessment | $813,120 |
| Land Assessment | $348,480 | Total Assessment | $1,161,600 |
Property Taxes
Parcel Number
881006940
Land Assessment
$348,480
Improvements Assessment
$813,120
Total Assessment
$1,161,600
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