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5711 Erdrick Street
Philadelphia, PA 19135
Asking Price
$2.42M
Cap Rate
5.96%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Value-Add Opportunity | Northeast Philadelphia | 22 Unit Apartment Portfolio <ul><li><span style="color: rgba(33, 37, 41, 1)">22 Units in the Wissinoming Neighborhood of Philadelphia</span></li><li><span style="color: rgba(33, 37, 41, 1)">Value Add Through Renovations, Average Rent $175 Below Market</span></li><li><span style="color: rgba(33, 37, 41, 1)">Excellent Basis: $110K per Unit</span></li><li><span style="color: rgba(33, 37, 41, 1)">Off-Street Parking Available at Each Property</span></li><li><span style="color: rgba(33, 37, 41, 1)">Laundry and Storage Locke
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NOI
$80,000
Cap Rate
3.31%
DSCR
0.56
Underwater
Cash-on-Cash
-8.77%
Monthly Payment
$11,972.84
Annual Cash Flow
$-63,674.075
