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4031 Green St

2 Unit Apartment Building $450,000 ($225,000/Unit) 6.14% Cap Rate Philadelphia, PA 19104

Executive Summary

Don’t miss this turnkey duplex located in the highly desirable West Powelton area of University City. This renovated property is fully leased, presenting an excellent opportunity for investors. With new developments on the rise, this property combines a charming original façade with updated interior finishes. Unit A offers 2 bedrooms and 1 bathroom, featuring hardwood flooring, an updated kitchen, a ceramic tile bathroom, and a full basement for laundry and extra storage. Unit B is a bi-level 4-bedroom, 2-bathroom unit that also showcases hardwood flooring, a modern kitchen and bathrooms, and in-unit laundry. Both units are separately metered and equipped with central HVAC. Conveniently located within walking distance to Drexel, UPenn, Presbyterian Hospital, Vidas Athletic Fields, and a variety of local restaurants and cafes, this property also provides easy access to multiple SEPTA bus routes, including the Market-Frankford Line and the Lancaster Ave #10 trolley. Just minutes from 30th Street Station, you'll have access to all regional train lines. Additionally, you're close to the vibrant attractions of Center City Philadelphia, the Art Museum, and the Philadelphia Zoo.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $41,604 $20.56
Other Income - -
Vacancy Loss - -
Effective Gross Income $41,604 $20.56
Taxes - -
Operating Expenses - -
Total Expenses $13,987 $6.91
Net Operating Income $27,617 $13.64

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $41,604
Annual Per SF $20.56
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $41,604
Annual Per SF $20.56
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $13,987
Annual Per SF $6.91
Net Operating Income
Annual $27,617
Annual Per SF $13.64

Property Facts

Price $450,000
Price Per Unit $225,000
Sale Type Investment
Cap Rate 6.14%
Gross Rent Multiplier 10.82
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.03 AC
Building Size 2,024 SF
Average Occupancy 100%
No. Stories 3
Year Built 1915
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Hardwood Floors
  • Stainless Steel Appliances

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,350 -
4+2 1 $1,957 -
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RSA5
RSA5
  • Listing ID: 33564372

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 4031 Green St, Philadelphia, PA 19104

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