1705 W ERIE AVE

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1705 W ERIE AVE

PHILADELPHIA, PA 19140-3547
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 1705 W Erie Ave
  • Asset situated within the urban Philadelphia, PA market
  • Property offers residential investment potential in a dense area
  • Well-connected location within the broader Philadelphia metropolitan region

What's Special

This apartment building is situated at 1705 W Erie Ave in Philadelphia, PA. Located within a dense urban submarket, the property benefits from the established infrastructure and transit connectivity characteristic of the city. Philadelphia maintains a diverse regional economy supported by major sectors including healthcare, education, and professional services, providing a stable tenant base for residential assets. Multifamily properties in this area serve a critical function in meeting local housing demand, offering versatile investment potential for operators focused on long-term portfolio growth. The site is positioned to take advantage of neighborhood amenities and access to major regional thoroughfares, making it a functional addition to an urban investment strategy. Prospective buyers may find this asset suitable for traditional rental operations or repositioning efforts within the competitive North Philadelphia housing market.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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