423 W Girard Ave
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423 W Girard Ave
3 Unit Apartment Building $1,250,000 ($416,667/Unit) Philadelphia, PA 19123
Investment Highlights
- Heavy Foot Traffic
- Fully Occupied
- Corner Property
- Long-Term Commercial Lease
Executive Summary
ATTENTION BUSINESS OWNERS OR INVESTORS!!!! Now is your opportunity to purchase a unique lot on a fabulous Street in an amazing neighborhood! A one-of-a-kind investment opportunity! Large corner property located in the Northern Liberties section of Philadelphia. The property has an Established Chain Restaurant "SAFFRON" and is a perfect fit for the neighborhood! The first floor includes walk in refrigerator, deep fryer with ansel system, sink and freezers. The property also includes two -2 bedroom apartments and an additional studio apt. 4 UNITS TOTAL - ALL CURRENTLY RENTED - Restaurant on 1st Floor and 2 Bedroom Apt on the 3rd Floor are RENOVATED - Come take a look today!! Please refer to NOI attached in the Document Section - Thank you!Prime Investment Opportunity. Long-Term Commercial Lease and 3 leased apartments above. Located just minutes from Shopping, and Transportation. Located in a very up and coming neighborhood and is just minutes away from Center City. This is a solid investment and produces a great income.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$87,569
|
$19.41
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $87,569 |
| Annual Per SF | $19.41 |
Property Facts
Amenities
- Activity License
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Attic
- Basement
Site Amenities
- 24 Hour Access
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,675 | - |
| Studios | 1 | $750.00 | - |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 871098450 | Improvements Assessment | $512,000 |
| Land Assessment | $128,000 | Total Assessment | $640,000 |
PROPERTY TAXES
Parcel Number
871098450
Land Assessment
$128,000
Improvements Assessment
$512,000
Total Assessment
$640,000
zoning
| Zoning Code | CMX2 (Mixed Use Property) |
| CMX2 (Mixed Use Property) |
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423 W Girard Ave
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