39.97381 -75.17944

2614 W GIRARD AVE Philadelphia, PA 19130

259948611 39.97381 -75.17944 230 /listing/259948611-150365821/2614-w-girard-ave-philadelphia-pa-19130 False 0 899999.0 4000 104 PAPH861842 False
  • $899,999
  • 4,000 sqft
  • 0.04 lot
  • Est payment $4831.39/mo

Property & Neighborhood Info

Courtesy Of Compass Pennsylvania, LLC

Condo/Townhome in PHILADELPHIA

Introducing 2614 Girard AVE, a turnkey investment property fully renovated and leased at slightly under market rate rents, allowing the new investor to capture immediate rental upside. The property contains a tasteful mixture of two (2) 1bd apartments, one (1) 2bd apartment, and one (1) ground floor retail tenant. The existing cap rate is just under 7 per cent which is attractive on its own but the pro forma cap rate is a stellar 7.3 per cent. Similar assets have traded off market recently here and this property has been priced competitively. The NOI is just over 60K. All of the apartments were completely redesigned as like new construction with premium features throughout like quartz counters and stainless appliances. A brand new facade lends strong curb appeal to the asset and enlivens an already vibrant block. Tons of natural light in each unit. This mixed use asset is conveniently located on Brewerytowns booming commercial corridor, surrounded by new development in every direction. Residents of the building benefit from an on site restaurant and tons of bars, breweries, restaurants, shops and studios located within steps along the Avenue. This is one of the most desirable areas for YPs and millennials in all of Philadelphia. Long term rent growth and appreciation projected for years to come in Brewerytown. Easy access into downtown Philly, University City, Fairmount Park + more. There is a 100+ unit new development planned behind the property which will bring even more retail and restaurants to the area. Inquire within for financials, floorplans + more.Owner occupant investors can qualify for extremely attractive financing and low down payment with new FHA loan limits for 2020 on 2 to 4 unit multifamily buildings; inquire within for more info...

Courtesy Of Compass Pennsylvania, LLC
  1. 4,000 Sq. Ft.
  2. 0.04 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1915
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: Philadelphia County
  • Taxes: $5,657.00
  • Tax Year: 2020
  • Units: 4
  • Subdivision: Brewerytown
  • MLS Number:PAPH861842

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Natural Gas
  • Water Heater:
    • Natural Gas
  • New Construction:
    • No
  • Water Source:
    • Public
  • Waterfront:
    • No
  • Heating:
    • Central
  • Heating Fuel:
    • Natural Gas
  • Sewer:
    • Public Septic
    • Public Sewer
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Right
  • Net Operating Income:
    • 66180.00
  • Rental Features:
    • No
  • # of Rooms:
    • 0
  • Assessment Year:
    • 2020
  • Cap Rate:
    • 7.30
  • Fireplaces Total:
    • 0
  • MLSSystem ID:
    • BRIGHT
  • Operating Expense:
    • 10620.00
  • Possession:
    • Settlement
  • Price Per SQFT:
    • 225.00
  • Rent Amount:
    • 76800.00
  • Unit 1 Bed Total Units:
    • 2
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Coldwell Banker - Welker Real Estate
Coldwell Banker - Welker Real Estate
(215) 235-7800
2311 Fairmount Ave Philadelphia PA 19130
no name available Coldwell Banker - Welker Real Estate
Let us help you!
39.97381 -75.17944

2614 W GIRARD AVE Philadelphia, PA 19130

259948611 39.97381 -75.17944 230 /listing/259948611-150365821/2614-w-girard-ave-philadelphia-pa-19130 False 0 899999.0 4000 104 PAPH861842 False
  • $899,999
  • 4,000 sqft
  • 0.04 lot
  • Est payment $4831.39/mo