220 South 5th Street

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220 South 5th Street

Philadelphia, PA 19106
Asking Price
$10.00M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Covered Land Opportunity in a Supply-Constrained Sub-Market | Development Potential <ul><li>​<span style="color: rgba(10, 11, 15, 1)">Rare Covered Land Opportunity: Existing income-producing asset provides cash flow while investors evaluate future redevelopment strategies</span></li><li>​<span style="color: rgba(10, 11, 15, 1)">Significant Development Potential: Preliminary zoning analysis indicates the potential for ~22 to 26 townhomes, with additional mixed-use, condominium, multifamily, and rezoning opportunities</span></li><li>​<span style="color: rgba(10, 11, 15, 1)">Prime

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NOI
$80,000
Cap Rate
0.80%
DSCR
0.13
Underwater
Cash-on-Cash
-17.12%
Monthly Payment
$49,474.544
Annual Cash Flow
$-513,694.526

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