Description
359 Lyceum is a light VALUE-ADD QUADPLEX (4 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. 359 Lyceum is comprised of two (2) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with PRIVATE DRIVEWAY for 1:1 tenant parking and AND a private 1bd x 1ba BONUS BUNGALOW UNIT. Invest in a Top-10 USA MSA with this 8% CAP MULTIFAMILY real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials. The bonus bungalow unit will not qualify for financing; deal must be structured as 4-unit acquisition.
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Description
359 Lyceum is a light VALUE-ADD QUADPLEX (4 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. 359 Lyceum is comprised of two (2) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with PRIVATE DRIVEWAY for 1:1 tenant parking and AND a private 1bd x 1ba BONUS BUNGALOW UNIT. Invest in a Top-10 USA MSA with this 8% CAP MULTIFAMILY real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials. The bonus bungalow unit will not qualify for financing; deal must be structured as 4-unit acquisition.
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