1439 W Venango St
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1439 W Venango St
2 Unit Apartment Building $631,474 CAD ($315,737 CAD/Unit) 10.02% Cap Rate Philadelphia, PA 19140
Investment Highlights
- Close to all major transportation
- Temple Medical School
Executive Summary
Tremendous Investment Opportunity next to Temple Health! Fully occupied duplex with two bi-level 4-bedroom units! The total rent is $4,111 across both units and it’s 84% subsidized ($3,436 direct-deposited by the government on the 1st of each month)! FULL 10-YR TAX ABATEMENT. The location is ideal: 1-2 blocks from major employers (Temple University Hospital, Shriner’s Children’s Hospital), graduate schools (Temple Medical and Dental School), public transportation (Broad Street Line subway), and the upcoming Beury Hotel & Residences (138-room Courtyard Marriott hotel, 113-unit ground-up apartment building). Each bi-level unit has washer-dryer, quartz countertops, central HVAC, and electric appliances. Bottom units has a private backyard and full basement for storage. Electric is separately-metered for each unit (no gas). Project was fully remodeled in Q3 2023.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$69,296
|
$24.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,296
|
$24.31
|
| Taxes |
$211
|
$0.07
|
| Operating Expenses |
$7,331
|
$2.57
|
| Total Expenses |
$7,542
|
$2.65
|
| Net Operating Income |
$61,754
|
$21.67
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $69,296 |
| Annual Per SF | $24.31 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $69,296 |
| Annual Per SF | $24.31 |
| Taxes (CAD) | |
|---|---|
| Annual | $211 |
| Annual Per SF | $0.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,331 |
| Annual Per SF | $2.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,542 |
| Annual Per SF | $2.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $61,754 |
| Annual Per SF | $21.67 |
Property Facts
| Price | $631,474 CAD | Building Class | A |
| Price Per Unit | $315,737 CAD | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 2,850 SF |
| Cap Rate | 10.02% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $631,474 CAD |
| Price Per Unit | $315,737 CAD |
| Sale Type | Investment |
| Cap Rate | 10.02% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | A |
| Lot Size | 0.03 AC |
| Building Size | 2,850 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2023 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Bay Window
- Refrigerator
- Tub/Shower
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 2 | - | 1,400 |
Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (80)
zoning
| Zoning Code | R (Residential) |
| R (Residential) |
-
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1439 W Venango St
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