6634-6642 Haverford Ave
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6634-6642 Haverford Ave
12,500 SF Specialty Building Offered at $1,300,000 at a 9.48% Cap Rate in Philadelphia, PA 19151
Investment Highlights
- 11.5 CAP WITHIN ONE YEAR. ALL MONTH TO MONTH LEASES. RESIDENTIAL RENTS CAN BE INCREASED SUBSTANTIALLY WITHOUT THE NEED TO LEAD THE MARKET.
Executive Summary
Overbrook, located in West Philadelphia, is a neighborhood known for its historic charm and architectural diversity. The area features a mix of residential properties, including single-family homes, rowhouses, and multi-unit buildings, as well as commercial spaces. The real estate market in Overbrook offers a range of opportunities. Sometimes & occasionally, we encounter an unusual opportunity.
The Bentley Group is proud to offer an unusual real estate opportunity featuring eight apartments and a first-floor commercial space in Overbrook. All of the nine tenants are on month-to-month leases, making 6634-42 a true Value-Add opportunity that offers substantial upside potential in the Gross Potential Rent. With the normal upgrades, rents could be increased substantially without the need to lead the market.
The Bentley Group is proud to offer an unusual real estate opportunity featuring eight apartments and a first-floor commercial space in Overbrook. All of the nine tenants are on month-to-month leases, making 6634-42 a true Value-Add opportunity that offers substantial upside potential in the Gross Potential Rent. With the normal upgrades, rents could be increased substantially without the need to lead the market.
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- Market Information
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$178,920
|
$14.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,946
|
$0.72
|
| Effective Gross Income |
$169,974
|
$13.60
|
| Taxes |
$10,771
|
$0.86
|
| Operating Expenses |
$45,564
|
$3.65
|
| Total Expenses |
$56,335
|
$4.51
|
| Net Operating Income |
$113,639
|
$9.09
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $178,920 |
| Annual Per SF | $14.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,946 |
| Annual Per SF | $0.72 |
| Effective Gross Income | |
|---|---|
| Annual | $169,974 |
| Annual Per SF | $13.60 |
| Taxes | |
|---|---|
| Annual | $10,771 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $45,564 |
| Annual Per SF | $3.65 |
| Total Expenses | |
|---|---|
| Annual | $56,335 |
| Annual Per SF | $4.51 |
| Net Operating Income | |
|---|---|
| Annual | $113,639 |
| Annual Per SF | $9.09 |
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per SF | $104 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 12,500 SF |
| Cap Rate | 9.48% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1962 |
| Property Subtype | Schools |
| Price | $1,300,000 |
| Price Per SF | $104 |
| Sale Type | Investment |
| Cap Rate | 9.48% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 12,500 SF |
| No. Stories | 2 |
| Year Built | 1962 |
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Walk Score ®
Very Walkable (77)
Transit Score ®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 881128512 | Total Assessment | $846,400 |
| Land Assessment | $253,920 | Annual Taxes | $10,771 ($0.86/SF) |
| Improvements Assessment | $592,480 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
881128512
Land Assessment
$253,920
Improvements Assessment
$592,480
Total Assessment
$846,400
Annual Taxes
$10,771 ($0.86/SF)
Tax Year
2024
zoning
| Zoning Code | RSA3 |
| RSA3 |
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6634-6642 Haverford Ave
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