2115 N 63rd St
Mixed Use | 7.01% CAP | 18,362 SqFt
Investment highlights
11 Multifamily & 2 Commercial Units | Overbrook Section of West Philadelphia
In-Place Cash Flow | 7+ Cap Rate on Current In-Place
Rental Upside | ~6% Upside through Closing Loss to Lease & ~25% Upside through Renovation Plan
Individually Metered Units | Tenants Pay Electric & Gas Direct to Provider and a $60 Monthly Water Fee to Ownership
Stabilized Commercial Tenancy | A Fitness Center & Hair Salon Occupy the Commercial Spaces, Adding Income Diversification and Enhanced Cash Flow Stability
Prime Location and Connectivity | Highly Walkable and Transit-Friendly, Located Steps from Overbrook SEPTA Station, Near Major Highways (US-1 at 0.3 Miles, I-76 at 1 Mile), and Close to Bus Routes, City Avenue Retailers, Parks, and Employment Hubs Like University City (4 Miles) and Center City (7 Miles)
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