1100 Godfrey AvePhiladelphia, PA 19141

This exceptional investment opportunity presents a 111-unit apartment building in Philadelphia's East Oak Lane neighborhood, boasting a compelling 7.00% pro-forma cap rate and an asking price of $13,500,000. The property, comprised of two four-story buildings totaling 45,520 square feet on a 101,500 square foot lot, features 111 units averaging $121,622 per unit. Built in 1965, the property has undergone significant renovations, including a complete overhaul of Building #1101's kitchens, HVAC, windows, and floors in 2010, with the top floor renovated within the last 6-7 years. Further improvements within the last 10 years include solar panel installation across both buildings, new individual heating and cooling units in Building #1100, a new fitness center, and a common laundry room. The property is zoned RM-1 and benefits from its strategic location near Routes 1 and 611, providing easy access to public transportation via the Rock Transportation Center. The East Oak Lane neighborhood offers historical charm, green spaces, and active community associations. This well-maintained property presents a strong investment opportunity with potential for significant rental increases