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1950 E LOGAN ST
PHILADELPHIA, PA 19141
Asking Price
$1.80M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Approved for 111 Units w 10 Year Tax Abatement <p><span style="color: rgba(0, 0, 0, 1)">Fantastic development opportunity on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. Approved for 111 apartments with off street parking, this site represents an opportunity to establish a stable and predictable cash flowing asset for years to come in an area poised for substantial growth. Unit mix consists of 71 one bedroom apts, 39 two bedroom apts, 1 three bedroom apt. Total finishes square footage to be 85,384sf. Call for det
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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015
