207 N 63rd Street

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207 N 63rd Street

Philadelphia, PA 19139
Asking Price
$1.18M
Cap Rate
10.32%
Asset Type
Apartment Building Retail
Class
Class B

What's Special

Stabilized, Turn Key, Rent Ready 7 unit and 5 unit building - Best Cash Flow in Philly! <ul><li>​Yield buyer assumable cash flow from a stabilized mid-term rental operation generating a 27% premium over comparable long-term rents, delivering a 10.3% cap rate at the asking price.</li><li>​Conventional multifamily operator converts to long-term rentals at any time and still achieve a 9.7% cap rate; lower revenue is offset by reduced operating expenses (no cleaning, no platform fees) and tenant-paid utilities.</li><li>​Developer 207 N 63rd is a street-to-street lot supporting a potent

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NOI
$80,000
Cap Rate
6.81%
DSCR
1.15
Tight
Cash-on-Cash
2.91%
Monthly Payment
$5,813.259
Annual Cash Flow
$10,240.893

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