1907 Green StPhiladelphia, PA 19130

Property Details for 1907 Green St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

4,320 SF

Zone code

RM1

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-4001-40

APU

871400140

Description

This exceptional three-story apartment building at 1907 Green Street in Philadelphia, Pennsylvania, presents a compelling investment opportunity. The property boasts six units within 4,320 square feet of net rentable space, generating a strong net operating income (NOI) of $104,000 and a 6.00% capitalization rate. Offered at $1,600,000, this sale includes a leaseback option. Situated on a substantial 36 x 95 foot lot, the building features five private outdoor spaces and a sizable rear garden, providing residents with ample outdoor amenities. The property's location in Philadelphia's Spring Garden area offers convenient access to cultural attractions, diverse dining options, and efficient public transportation. This multifamily investment is ideal for both seasoned investors seeking a strong return and owner-occupants looking for a valuable property in a desirable neighborhood. The building's well-designed units cater to modern living preferences, making it an attractive option for tenants. This is a rare opportunity to acquire a well-performing asset in a thriving Philadelphia location. The property is being sold for leaseback.

• CAP approach

  CAP return

  Valuation

  6%

  $1,391,683

  6.5%

  $1,284,630

  7%

  $1,192,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $564,451

  Geo Method

  $564,451

• Alternative Use

  Use

  Valuation

  Residential

  $1,592,942

  Hospitality

  $1,459,126

  Educational

  $1,213,976

  Medical

  $1,255,726

  Retail

  $1,888,406

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9651

Longitude

-75.1696

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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