4031 Green St
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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 | Apartment Style | Townhome |
Price Per Unit | $225,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.03 AC |
Cap Rate | 6.14% | Building Size | 2,024 SF |
Gross Rent Multiplier | 10.82 | Average Occupancy | 100% |
No. Units | 2 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1915 |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
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 | - |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (98)
zoning
Zoning Code | RSA5 |
RSA5 |
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4031 Green St
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