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Windrim Manor & Maple Lane Apartments 2 biens | Immeuble residentiel | À vendre | 2 585 670 € | Philadelphia, PA
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 32-Unit Portfolio | Located in the Logan and Juniata Neighborhoods of Philadelphia, Pennsylvania
- Value-Add Opportunity | 12% Income Upside through Natural Turnover and 25% with Interior Renovations
- Attractive Basis | Below $100K Per Unit at a Blended 6.56% Cap Rate with Upside
- Unit Mix | 2 Studios, 23 One-Bedroom Units, and 7 Two-Bedroom Units
- Management Friendly | Properties Situated 2.5 Miles Apart, Enabling Operational Efficiency Across Two Submarkets
RÉSUMÉ ANALYTIQUE
SCOPE Commercial Real Estate Services, LLC is pleased to present the opportunity to acquire the Windrim Manor and Maple Lane Portfolio, a 32-unit value-add multifamily offering located in the Logan and Juniata neighborhoods of Philadelphia.
The portfolio consists of two properties—Windrim Manor and Maple Lane—located approximately 2.5 miles apart, or a 15-minute drive, offering operational efficiency across two established and complementary rental submarkets. Windrim Manor, located in the Logan submarket, comprises two studios, 12 one-bedroom units and four two-bedroom units with average in-place rents of $938 per month. Maple Lane, situated in the Juniata submarket, includes 11 one-bedroom units and three two-bedroom units, also with average in-place rents of $987 per month. On a portfolio-wide basis, the current average in-place rent is $990 per month.
Built in the early twentieth century, both properties offer classic layouts and the opportunity for significant value creation through interior upgrades. Windrim Manor is located in Logan near Broad Street Line transit access, local schools such as Thurgood Marshall Elementary School (grades PK-8), Widener Memorial School (grades K-12), and Central High School (grades 9-12), and essential retail amenities in a dense, residential pocket of North Philadelphia. Maple Lane is situated in Juniata, a historically blue-collar neighborhood currently experiencing renewed investment through infill housing and corridor retail revitalization along Frankford Avenue and Castor Avenue. Maple Lane also benefits from proximity to La Salle University, a private Catholic institution with over 4,000 students, faculty, and staff generating consistent housing demand. With sound fundamentals, measurable rent growth potential, and strategic positioning within two high-occupancy, working-class submarkets, the Windrim Manor and
Maple Lane Portfolio presents a compelling opportunity to acquire scale and value in one of Philadelphia’s most accessible multifamily corridors.
The portfolio consists of two properties—Windrim Manor and Maple Lane—located approximately 2.5 miles apart, or a 15-minute drive, offering operational efficiency across two established and complementary rental submarkets. Windrim Manor, located in the Logan submarket, comprises two studios, 12 one-bedroom units and four two-bedroom units with average in-place rents of $938 per month. Maple Lane, situated in the Juniata submarket, includes 11 one-bedroom units and three two-bedroom units, also with average in-place rents of $987 per month. On a portfolio-wide basis, the current average in-place rent is $990 per month.
Built in the early twentieth century, both properties offer classic layouts and the opportunity for significant value creation through interior upgrades. Windrim Manor is located in Logan near Broad Street Line transit access, local schools such as Thurgood Marshall Elementary School (grades PK-8), Widener Memorial School (grades K-12), and Central High School (grades 9-12), and essential retail amenities in a dense, residential pocket of North Philadelphia. Maple Lane is situated in Juniata, a historically blue-collar neighborhood currently experiencing renewed investment through infill housing and corridor retail revitalization along Frankford Avenue and Castor Avenue. Maple Lane also benefits from proximity to La Salle University, a private Catholic institution with over 4,000 students, faculty, and staff generating consistent housing demand. With sound fundamentals, measurable rent growth potential, and strategic positioning within two high-occupancy, working-class submarkets, the Windrim Manor and
Maple Lane Portfolio presents a compelling opportunity to acquire scale and value in one of Philadelphia’s most accessible multifamily corridors.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
| Prix | 2 585 670 € | Nb de biens | 2 |
| Prix/m² | 1 579 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 6,56 % | Surface totale de l’immeuble | 1 637 m² |
| Type de vente | Investissement ou propriétaire occupant | Surface totale du terrain | 0,25 ha |
| Statut | Actif |
| Prix | 2 585 670 € |
| Prix/m² | 1 579 € / m² |
| Taux de capitalisation | 6,56 % |
| Type de vente | Investissement ou propriétaire occupant |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 1 637 m² |
| Surface totale du terrain | 0,25 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
|
Maple Lane Apartments
731 Maple Ln, Philadelphia, PA 19124 |
Immeuble residentiel | 888 m² | 1978 | - |
|
Windrim Manor
5200 N 11th St, Philadelphia, PA 19141 |
Immeuble residentiel | 749 m² | 1925 | - |
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