Description
4215 Manayunk Avenue is a six-unit, income-producing mixed-use asset in the highly-desirable Manayunk-Roxborough submarket, featuring 5 spacious residential units and 1 commercial space. Acquire a high-quality, low-maintenance property at an in-place 7.0% cap rate, completed in 2018 with a blend of historic renovation plus a new construction addition. Approximately three years remain on the full 10-year tax abatement, offering substantial property tax savings. A unit mix of three x two beds and two x three-beds with quality, modern finishes, private outdoor space, and a roof deck guarantees high tenant appeal. The property currently has an assumable Freddie Mac loan in place at a 4.97% interest rate through May 2026. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in the coming years and presenting a unique opportunity for investors to acquire a turnkey, income-producing asset with long-term upside.
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0.07ACRES
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01/2 BATHS
Description
4215 Manayunk Avenue is a six-unit, income-producing mixed-use asset in the highly-desirable Manayunk-Roxborough submarket, featuring 5 spacious residential units and 1 commercial space. Acquire a high-quality, low-maintenance property at an in-place 7.0% cap rate, completed in 2018 with a blend of historic renovation plus a new construction addition. Approximately three years remain on the full 10-year tax abatement, offering substantial property tax savings. A unit mix of three x two beds and two x three-beds with quality, modern finishes, private outdoor space, and a roof deck guarantees high tenant appeal. The property currently has an assumable Freddie Mac loan in place at a 4.97% interest rate through May 2026. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in the coming years and presenting a unique opportunity for investors to acquire a turnkey, income-producing asset with long-term upside.
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