Michner Pointe Apartments 9400-9430 Roosevelt Blvd 33 Unit Apartment Building $5,200,000 ($157,576/Unit) Philadelphia, PA 19115

Michner Pointe Apartments is a 33-unit garden-style apartment community located in the Bustleton section of Northeast Philadelphia. Built in 1962, the Property consists of three brick apartment buildings with ample off-street parking and an attractive unit mix, primarily consisting of one-bedroom apartments.
The Property currently maintains 100% occupancy with strong existing cash flow and stable operations, while still providing investors with additional upside through continued unit renovations, operational improvements, and future rent growth potential. Based on current in-place rents, the Property offers approximately 5% to 10% rental upside as-is prior to implementing any significant capital improvements. New ownership could implement water and sewer reimbursement income, providing additional NOI growth opportunities. Further, Michner Pointe Apartments represents the current ownership’s only multifamily asset in the Philadelphia market, creating an opportunity for a new owner with an existing local presence to potentially achieve operational efficiencies and improved management oversight.
Michner Pointe Apartments is conveniently located along Roosevelt Boulevard (Route 1) with immediate access to Interstate-95, Interstate-276, Interstate-295, Grant Avenue, Welsh Road, and Bustleton Avenue. The Property benefits from strong accessibility throughout the Philadelphia region while maintaining the feel of a suburban residential community. Additionally, the Property is located near SEPTA Bus Routes 1, 14, and 19, along with SEPTA’s Torresdale Regional Rail Station, providing convenient access to Center City Philadelphia.
The Bustleton section of Far Northeast Philadelphia continues to experience strong multifamily fundamentals driven by stable neighborhood demographics, strong occupancy levels, and continued rental demand. The surrounding area benefits from significant nearby retail, restaurants, grocery stores, and daily conveniences, making Michner Pointe Apartments highly attractive to tenants seeking affordable access to both suburban and urban amenities.
Michner Pointe Apartments presents investors with the opportunity to acquire a well-located, stabilized multifamily asset with strong in-place cash flow, meaningful operational upside, and long-term rental growth potential within one of Northeast Philadelphia’s strongest multifamily submarkets.