$ 1,500,000
-
$1,500,000
Price -
0
Bed -
0
Bath -
12,500
SqFt
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About the Listing BENTLEY - 3146526
Classic Value-Add Mixed-Use Investment Opportunity with Seller Financing Excellent opportunity to acquire a well-maintained mixed-use investment property situated along Haverford Avenue in Philadelphia’s Overbrook section. The property consists of eight one-bedroom apartments, a first-floor and a basement-level childcare center that has operated at the property for approximately 30 years. The property is currently operating at a reported cap rate of approximately 9.0%, providing strong existing income with substantial value-add potential. Residential rents are presently in the range of approximately $650 per month and may be below prevailing market rents for comparable one-bedroom apartments in the area. With modest upgrades and professional management, a new owner may have the opportunity to increase rents over time toward the estimated $950 to $1,050 range, subject to renovations and upgrades. All residential tenants are currently on month-to-month arrangements, providing a purchaser with flexibility to implement a renovation, leasing, and rent-adjustment strategy. The property is in good, functional condition and offers immediate income together with the potential for meaningful growth in net operating income and property value. Attractive seller financing is available. The seller is willing to finance $1,000,000 of the purchase price at 8% interest, amortized over 20 years, with the remaining principal balance due in five years. An appealing opportunity for an investor seeking a high-yielding mixed-use asset with seller financing and significant value-add upside in an established Philadelphia neighborhood. See attached setup.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Commercial Sale
MLS ®
PAPH2655766
Year Built
1962
Total Square Footage
12,500
Lot/Acreage
0.3
County
Philadelphia
Neighborhood
Overbrook
Area
19151 (19151)
School District
Philadelphia City
High School
Overbrook
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Hot Water
- Fireplaces:
- Floor: Concrete,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 5
- Lot Dimensions: 78.00 x 168.00
- Zoning: 5-50 UNITS MASONRY
- Roof: Unknown
- Others: Average
- Sewer: Public Sewer
- Parking Features: Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,847
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
6634 Haverford Ave Philadelphia, PA 19151
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