Stella Street Portfolio
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Stella Street Portfolio
17 Properties Offered at $4,300,000 in Philadelphia, PA
INVESTMENT HIGHLIGHTS
- Incredible opportunity to own nearly one full block of Philadelphia.
- The 30,000 square foot warehouse has significant development opportunities with adjacent garage and secured lot.
- SELLER FINANCING AVAILABLE! CONTACT LISTING AGENT FOR MORE INFORMATION.
- The two 5-unit apartment buildings have value-add opportunity.
- This portfolio includes 14 stabilized single family homes.
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity, brought to
you by the PCREA team. This portfolio is the result of over 45
years of acquisition by a family-owned business, meticulously
maintained to this day, now for sale due to current owners
wanting to retire. The portfolio boasts the majority of both sides of an entire city
block and includes 14 fully-occupied single-family homes, two 5-
unit apartment buildings, a 6500 +/- sq ft lot, 6 bay small rental
garage spaces, and a 30,000 +/- sq ft warehouse. Situated in
a cul-de-sac on the 1900 block of E Stella St, which ends at an
elementary school, this portfolio is in a prime location, close to
local highways and mass development. The residential units are fully occupied, grossing $317,400
annually in rent with all tenants paying on time - does not
include the owner-occupied industrial spaces (warehouse,
garage). Furthermore, the two five-unit buildings have the
potential to increase their rent by at least 20% with no capital
investment. The warehouse lot and garage spaces are currently
owner-occupied and will be sold vacant. Based on market
comps, the warehouse should yield between $8.15-$9 per sq ft
annually. This pro forma rent is based on 68 of 20,000 ft.2 of the
warehouse. With minimal investment, this portfolio offers endless
opportunities for future value and current rental
increases. When fully occupied, it is expected to yield
around a 10% cap rate. The convenience of having all
properties on one block makes managing this portfolio a
breeze. Perfect for investors, developers, or owner-occupants
seeking industrial space, this portfolio is a rare and
unique investment opportunity not to be missed.
Contact us now to schedule a tour and secure your
investment in this highly sought-after location.
you by the PCREA team. This portfolio is the result of over 45
years of acquisition by a family-owned business, meticulously
maintained to this day, now for sale due to current owners
wanting to retire. The portfolio boasts the majority of both sides of an entire city
block and includes 14 fully-occupied single-family homes, two 5-
unit apartment buildings, a 6500 +/- sq ft lot, 6 bay small rental
garage spaces, and a 30,000 +/- sq ft warehouse. Situated in
a cul-de-sac on the 1900 block of E Stella St, which ends at an
elementary school, this portfolio is in a prime location, close to
local highways and mass development. The residential units are fully occupied, grossing $317,400
annually in rent with all tenants paying on time - does not
include the owner-occupied industrial spaces (warehouse,
garage). Furthermore, the two five-unit buildings have the
potential to increase their rent by at least 20% with no capital
investment. The warehouse lot and garage spaces are currently
owner-occupied and will be sold vacant. Based on market
comps, the warehouse should yield between $8.15-$9 per sq ft
annually. This pro forma rent is based on 68 of 20,000 ft.2 of the
warehouse. With minimal investment, this portfolio offers endless
opportunities for future value and current rental
increases. When fully occupied, it is expected to yield
around a 10% cap rate. The convenience of having all
properties on one block makes managing this portfolio a
breeze. Perfect for investors, developers, or owner-occupants
seeking industrial space, this portfolio is a rare and
unique investment opportunity not to be missed.
Contact us now to schedule a tour and secure your
investment in this highly sought-after location.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $4,300,000 | Status | Active |
| Price / SF | $84.59 / SF | Number of Properties | 17 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 1 |
| Cap Rate | 8.43% | Total Building Size | 50,833 SF |
| Sale Type | Investment | Total Land Area | 1.04 AC |
| Price | $4,300,000 |
| Price / SF | $84.59 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.43% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 17 |
| Individually For Sale | 1 |
| Total Building Size | 50,833 SF |
| Total Land Area | 1.04 AC |
PROPERTIES
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