1. Pennsylvania
2. Philadelphia
3. 4557 MANAYUNK AVE

4557 MANAYUNK AVE, Philadelphia, PA 19128

• 11,850 sqft

Property Description

Cahill Arms Roxborough — this entirely unique multifamily investment property is loaded with original charm and modern conveniences. With seven (7) 1-2-3 bedroom apartments and a 1:1 parking ratio (7-car driveway), this is a rare investment opportunity, now available in one of Philly's fastest growing submarkets. An ideal unit matrix is composed of: three (3) 3bd units, two (2) 2bd units, two (2) 1bd units — ensuring supreme rentability in every market cycle. The NWPHL (Northwest Philly) location is prime — easy access to Schuylkill River Trail, shops, cafes, restaurants and bars along Ridge Avenue corridor, as well as the Main Street Manayunk district. This location is highly favored in the Greater Philadelphia rental marketplace as tenants seek out spacious and affordable rental accommodations in "semi-suburban" edge city locales — close enough to the urban core, yet tranquil enough for a laid-back/outdoorsy lifestyle. Easily accessible to all of Philadelphia's main arteries and districts, including I-76, I-476, City Avenue, Ridge Avenue, Main Street + Center City, University City, The Main Line, and the suburbs. The parcel commands attention with its prominent corner placement. The gated building is luxuriously laid out with spaciously oversized units, 10' ceilings, beautiful corridors, custom millwork, bi-level and tri-level units, french balconies, exposed Wissahickon schist (stone) and other high-end building material selections. The condo association is active. In-place rents are substantially below market, allowing new ownership to reset rents considerably with minimal capex to be performed — in addition to filling the remaining vacancies. A healthy stabilized rent roll should yield approx. $14,725/mo. Expenses are roughly ±$70k. NOI = ±$127,520.

Listing Status:

Active

Listing Office:

Keller Williams Liberty Place : 6093995454

Listing Agent:

Ryan J McManus : 6106061095

MLS ID:

PAPH2481616

Interior

• A/C: Central A/C
• Heating: CentralNatural Gas
• Disability Feature: Other

Exterior

• General: Above Grade
• Style: Unit/Flat

Construction

• General: MasonryBlock

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA3888212208
• View: City

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Ryan J McManus, Keller Williams Liberty Place