4123 WESTMINSTER AVENUE

PHILADELPHIA, PA 19104

4123–27 Westminster Avenue, a 12-unit multifamily investment located in West Philadelphia.​ The asset consists of a balanced mix of six 1-bedroom units and six 2-bedroom units, averaging approximately 750 square feet per unit, offering an efficient and highly marketable unit mix that appeals to a broad tenant base. The unit mix caters to a broad tenant base, including students, young professionals, and roommate-style renters, resulting in strong leasing demand and operational stability.​ The asset benefits from a straightforward layout, consistent unit configuration, and efficient property management.​ The property is in year 1 of the full 10-year tax abatement.​ At the asking price of $2,375,000, the asset delivers an inplace Net Operating Income of approximately $168,566, equating to a 7.10% cap rate, with the ability to achieve a stabilized NOI of approximately $185,250 (7.80% cap) through mark-to-market leasing.​ Investment Highlights *​12-Unit Multifamily Asset ​*7.10% In-Place Cap Rate *​7.80% Stabilized Cap Rate ​*Average Unit Size: 750 SF ​*Below-Market Rents with Immediate Upside ​*Total Rentable SF: 9,000 SF ​*Average Rent: $1,562 vs. $1,691 Market ​*10-year Tax Abatement ​*In-Place NOI: $168,566 ​*Stabilized NOI: $185,250 ​*Strong In-Place Cash Flow with Value-Add Potential

Listing courtesy of Trophy Commercial Real Estate LLC



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