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230 North 65th Street
Philadelphia, PA 19139
Asking Price
$3.80M
Asset Type
Multifamily
Class
Class B
What's Special
Vacant Former Personal Care Facility | 23,500 SF | 84–90 Bed Potential <p>Vacant former personal care / assisted living facility</p><p>Approximately 23,500 SF</p><p>Reported 50-unit layout with 84–90 bed potential</p><p>4-story elevator-served building</p><p>RSA-3 residential zoning</p><p>Prior personal care use documented by seller</p><p>Buyer/operator to apply for new license through DHS/licensing authorities</p><p>Seller represents no open violations</p><p>Potential for personal care reactivation, supportive/group living, or residential repositioning</p><p>Askin
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NOI
$80,000
Cap Rate
2.11%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,800.327
Annual Cash Flow
$-145,603.92
