CHARIS REALTY GROUP

AirLite

5410 SPRINGFIELD AVENUE

PHILADELPHIA, PA 19143

MLS#: PAPH2654814

$750,000

Status: Active
Listing number: PAPH2654814
Listing provided by: Capital Commercial Real Estate Group
Listing agent phone: None
Last update: 24 days ago
On site: 25 days ago
Browse Properties
KINGSESSING - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

900

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 5410 Springfield Ave: Financial Summary: Asking Price $750,000 Property Type Five Unit Multifamily Financial Summary Gross Monthly Income: $5,995 Gross Annual Income: $71,940 Annual NOI: Approximately $58,068 Cap Rate: 7.74% Property Highlights • Five-unit apartment building • Strong in-place cash flow • Recent appraisal available • Fully renovated • Stable tenancy • Excellent condition Building Information Utilities: Separately metered Electric paid by tenants Gas paid by tenants Water/Sewer paid by owner Heating Combination electric and gas heat Cooling -None Roof -Approximately 4 years old Water Heaters -Approximately 4 years old Electrical -Approximately 4 years old Plumbing -Approximately 4 years old Renovations -Complete renovation completed Unit Condition -Excellent Capital Improvements: Heater replacement anticipated around 2028 Parking -None Deferred Maintenance -None reported Environmental Concerns -None known

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    900.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.07

  • Lot Size(square feet)

    3,200

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    AirLite

Price

  • Sales Price

    $750,000

  • Tax Amount

    $3,664

  • Sq. Footage

    900

  • Price/SqFt

    $833

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Brick/Mortar

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of Christopher A Yangello, Capital Commercial Real Estate Group

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Agent Mike Mathis

AGENT

Mike Mathis

Call Mike today to schedule a private showing.

(301) 639-1165

mike@wolfeteam.net


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Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 5410 Springfield Ave: Financial Summary: Asking Price $750,000 Property Type Five Unit Multifamily Financial Summary Gross Monthly Income: $5,995 Gross Annual Income: $71,940 Annual NOI: Approximately $58,068 Cap Rate: 7.74% Property Highlights • Five-unit apartment building • Strong in-place cash flow • Recent appraisal available • Fully renovated • Stable tenancy • Excellent condition Building Information Utilities: Separately metered Electric paid by tenants Gas paid by tenants Water/Sewer paid by owner Heating Combination electric and gas heat Cooling -None Roof -Approximately 4 years old Water Heaters -Approximately 4 years old Electrical -Approximately 4 years old Plumbing -Approximately 4 years old Renovations -Complete renovation completed Unit Condition -Excellent Capital Improvements: Heater replacement anticipated around 2028 Parking -None Deferred Maintenance -None reported Environmental Concerns -None known

5410 SPRINGFIELD AVENUE

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