1907 Green StPhiladelphia, PA 19130

For Sale
$1,600,000

Six-unit Philadelphia apartment building, 6% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional three-story apartment building at 1907 Green Street in Philadelphia, Pennsylvania, presents a compelling investment opportunity. The property boasts six units within 4,320 square feet of net rentable space, generating a strong net operating income (NOI) of $104,000 and a 6.00% capitalization rate. Offered at $1,600,000, this sale includes a leaseback option. Situated on a substantial 36 x 95 foot lot, the building features five private outdoor spaces and a sizable rear garden, providing residents with ample outdoor amenities. The property's location in Philadelphia's Spring Garden area offers convenient access to cultural attractions, diverse dining options, and efficient public transportation. This multifamily investment is ideal for both seasoned investors seeking a strong return and owner-occupants looking for a valuable property in a desirable neighborhood. The building's well-designed units cater to modern living preferences, making it an attractive option for tenants. This is a rare opportunity to acquire a well-performing asset in a thriving Philadelphia location. The property is being sold for leaseback.

Highlights

  • Exceptional three-story, six-unit apartment building in Philadelphia's Spring Garden neighborhood.
  • 4,320 square feet of net rentable space generating a $104,000 NOI and a 6.00% cap rate.
  • Offered at $1,600,000 with a leaseback option.
  • Situated on a 36 x 95 foot lot with five private outdoor spaces and a large rear garden.
  • Prime location offering easy access to cultural attractions, dining, and public transportation.

Property Details for 1907 Green St

Property type
Multifamily properties, Apartment buildings
Buildings
1
Stories
3
Units
6

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.964859225157
Longitude
-75.169630350722
1907 Green St, Philadelphia, Pennsylvania

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1907 Green St
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