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The Penn Building 5400 Walnut St Immeuble residentiel 14 lots 1 303 050 € (93 075 €/Lot) Taux de capitalisation 7 % Philadelphia, PA 19139
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Rental Upside: In-Place Rents are $100 to $300 Below Market
- Turnkey Investment Opportunity: Little to No Deferred Maintenance
- High Demand Market: Desirable Rental Market with +95% Occupancy
- Prominent Corner Location: Highly-Visible Location in Walnut Hill Neighborhood
- Qualified Opportunity Zone: Located within a Federal Opportunity Zone
- Proximity to Eds & Meds: UPenn, Drexel, St. Joe's, Penn Medicine, and CHOP
Résumé analytique
The Penn Building is a mixed-use apartment community located at 5400 Walnut Street in the desirable Walnut Hill section of West Philadelphia. Situated on a prominent southwest corner with frontage along 54th Street and Walnut Street, the Property consists of ~11,160 square feet and benefits from excellent visibility and accessibility within one of Philadelphia’s strongest rental submarkets.
The Penn Building consists of 14 residential units featuring an attractive unit mix of (5) studio units, (8) one-bedroom apartments, and (1) two-bedroom apartment. The apartments feature open floor plans, modern kitchens with stainless steel appliances, and functional layouts that appeal to the surrounding renter demographic.
The Property offers immediate value-add potential through continued unit upgrades and operational improvements. Current in-place rents remain approximately $100 to $300 below market, providing new ownership with the opportunity to increase revenue and improve overall cash flow. Additionally, the Property includes a fully leased ground-floor commercial space occupied by a long-term grocery tenant, providing stable supplemental income to the asset.
Residents benefit from proximity to several of Philadelphia’s largest educational and medical institutions, including Drexel University, the University of Pennsylvania, Penn Medicine, the Children’s Hospital of Philadelphia, St. Joseph’s University, and the University City Science Center. Further, the Penn Building is conveniently located near regional rail, trolley, and bus lines, in addition to nearby retail, restaurants, and neighborhood amenities throughout West Philadelphia.
The Penn Building presents investors with the opportunity to acquire a well-located mixed-use asset with stable in-place cash flow, meaningful rental upside, and long-term demand drivers supported by the continued growth of University City and West Philadelphia.
The Penn Building consists of 14 residential units featuring an attractive unit mix of (5) studio units, (8) one-bedroom apartments, and (1) two-bedroom apartment. The apartments feature open floor plans, modern kitchens with stainless steel appliances, and functional layouts that appeal to the surrounding renter demographic.
The Property offers immediate value-add potential through continued unit upgrades and operational improvements. Current in-place rents remain approximately $100 to $300 below market, providing new ownership with the opportunity to increase revenue and improve overall cash flow. Additionally, the Property includes a fully leased ground-floor commercial space occupied by a long-term grocery tenant, providing stable supplemental income to the asset.
Residents benefit from proximity to several of Philadelphia’s largest educational and medical institutions, including Drexel University, the University of Pennsylvania, Penn Medicine, the Children’s Hospital of Philadelphia, St. Joseph’s University, and the University City Science Center. Further, the Penn Building is conveniently located near regional rail, trolley, and bus lines, in addition to nearby retail, restaurants, and neighborhood amenities throughout West Philadelphia.
The Penn Building presents investors with the opportunity to acquire a well-located mixed-use asset with stable in-place cash flow, meaningful rental upside, and long-term demand drivers supported by the continued growth of University City and West Philadelphia.
Informations sur l’immeuble
| Prix | 1 303 050 € | Style d’appartement | De faible hauteur |
| Prix par lot | 93 075 € | Classe d’immeuble | B |
| Type de vente | Investissement | Surface du lot | 0,03 ha |
| Taux de capitalisation | 7 % | Surface de l’immeuble | 1 037 m² |
| Nb de lots | 14 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1957/2013 |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Zonage | CMX-2 - Commercial mixed use | ||
| Prix | 1 303 050 € |
| Prix par lot | 93 075 € |
| Type de vente | Investissement |
| Taux de capitalisation | 7 % |
| Nb de lots | 14 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Surface du lot | 0,03 ha |
| Surface de l’immeuble | 1 037 m² |
| Nb d’étages | 3 |
| Année de construction/rénovation | 1957/2013 |
| Zone de développement économique [USA] |
Oui |
| Zonage | CMX-2 - Commercial mixed use |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Lave-vaisselle
- Micro-ondes
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Baignoire/Douche
- Congélateur
Caractéristiques du site
- Accès 24 h/24
- CVC contrôlé par l’occupant
- Transports en commun
- Détecteur de fumée
1 1
Exceptionnellement praticable à pied
90/100
Un peu adapté aux voitures
30/100
Transports en commun exceptionnels
90/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 881215412 | Évaluation des aménagements | 594 347 € |
| Évaluation du terrain | 254 720 € | Évaluation totale | 849 067 € |
Taxes foncières
Numéro de parcelle
881215412
Évaluation du terrain
254 720 €
Évaluation des aménagements
594 347 €
Évaluation totale
849 067 €
(215) 454-2879
x1002
Contacts
-
Kenneth Wellar -
Daniel Yadgaroff -
Corey Lonberger -
Chris Farmer -
Eli Pollack -
GREA
1 sur 11
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
The Penn Building | 5400 Walnut St
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