Philadelphia, PA 19140 1945 W Hunting Park Avenue
$324,900
18 more
Presented By: Re/Max One Realty
Beds • 3
Beds • 3Home Details
INVESTMENT OPPORTUNITY LEGAL 5-UNIT MULTIFAMILY IN GROWING PHILADELPHIA NEIGHBORHOOD | 7.6% CAP RATE
Heres your chance to own a legal five-unit apartment building in one of Philadelphias rapidly growing neighborhoods. Ideally situated near Route 1 and Broad Street, this property offers unbeatable convenience and strong rental demand.
The building consists of:
(3) One-bedroom units
(2) Studio units
Three of the five units have been recently renovated, and the entire property is in solid, well-maintained condition. With conservative rents projected (see attached pro forma), this investment offers a starting cap rate of 7.6%and potential for increased returns with further updates or market rent adjustments.
Highlights:
Prime commuter location near major arteries
Legal 5-unit building
Renovations already completed in majority of units
Strong cap rate in a developing market
Whether youre looking to expand your portfolio or enter the multifamily market, this property checks all the boxes: location, cash flow, and upside potential.
Presented By: Re/Max One Realty
Interior Features for 1945 W Hunting Park Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
General for 1945 W Hunting Park Avenue
AccessibilityNone
Architectural StyleOther
Avg. Water Per Month200.0
Cap Rate7.60
CityPHILADELPHIA
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsHunting park ave West from 28th st
Garage Y/NNo
HeatingBaseboard - Electric
Historic Y/NNo
Insurance Expense3120.00
Lease TypeNone
Living Area2575
Location TypeCorner Lot/Unit
Lot Size Square Feet1172.00
Lot Size UnitsSquare Feet
MLS Area19140 (19140)
MaintenanceExpense5460.00
MunicipalityPHILADELPHIA
Net Operating Income31150.00
New ConstructionNo
Number Of Units Total4
NumberOfUnitsVacant5
One Bedroom Units Count3
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3
OwnerPaysInsurance, Management, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG126.17
Property ConditionAverage
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count2
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount4591.0
Tax Assessed Value328000.0
Tax Lot162
Tax Year2025
Total Actual Rent52140.00
Total SQFT2575
Trash Expense600.00
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1940
Year Built SourceEstimated
ZoningCMX2
Exterior for 1945 W Hunting Park Avenue
Foundation DetailsStone
Land Assessed Value98400.00
Lot Size Acres0.03
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
