5542 Larchwood AvePhiladelphia, PA 19143

For Sale
$3,750,000

25-unit rental portfolio, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity in Philadelphia's burgeoning Cobbs Creek neighborhood. This portfolio comprises 25 single-family homes (24 three-bedroom and 1 four-bedroom), totaling 43,500 square feet, with 100% occupancy. The properties are strategically located in a tightly clustered area, maximizing management efficiency and economies of scale. Currently generating a strong NOI of $455,660, representing a 12.15% cap rate and a price per unit of $107,143. The asking price is $3,750,000, or $86.21 per square foot. This represents a significant opportunity given the area's rapid improvement, fueled by substantial investment in local infrastructure and amenities, including a $65 million revitalization project encompassing the historic Cobbs Creek golf course, public spaces, and a youth educational campus. The portfolio offers flexibility; individual properties can be improved or sold separately, while maintaining the core investment. The current professional property management can be retained, if desired. This is a rare chance to acquire a well-managed, high-performing portfolio in a rapidly appreciating West Philadelphia location, close to public transportation, the Cobbs Creek Trail, and other key amenities. The portfolio includes properties located at addresses including, but not limited to, 1410 N Hirst Street, 1633 N 60th Street, 1847 S 54th Street, and 5542 Larchwood Avenue, Philadelphia, PA 19143. Individual property OPA account numbers are available upon request.

Highlights

  • $3,750,000 asking price for a 35-unit multifamily portfolio.
  • Class C property with 43,500 square feet.
  • $86.21 price per square foot, 12.15% cap rate.
  • 100% occupancy, generating $455,660 NOI.
  • $107,143 per unit price.

Property Details for 5542 Larchwood Ave

Property type
Multifamily properties, Residential income homes
Square Feet
43,500 SF
Class
C
Buildings
35
Units
35

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9526885
Longitude
-75.2337996
5542 Larchwood Ave, Philadelphia, Pennsylvania

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5542 Larchwood Ave
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