Walnut Realty Group 215-278-2873 Presented by - LoopNet · 2017-11-01 · 1527-29 W Westmoreland...
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1527-29 W Westmoreland St Philadelphia, PA 19140 Presented by: Walnut Realty Group [email protected] 215-278-2873 1
Transcript of Walnut Realty Group 215-278-2873 Presented by - LoopNet · 2017-11-01 · 1527-29 W Westmoreland...
1527-29 W Westmoreland StPhiladelphia, PA 19140
Presented by:Walnut Realty Group
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Table of Contents
Page 1: Title Page 2: Table of Contents Page 3: Confidentiality statementPage 5: Property summaryPage 6 : Financial summaryPage 7-9: Property photosPages 10-11: Location SummaryPage 12-17: Sale comparablesPage 18: Broker profile
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Confidentiality Agreement The material in this Confidential Offering is confidential, furnished solely for the purpose of considering the “AS IS” acquisition of 1527-29 W Westmoreland St, Phila, PA 19140 (the “Property”). The information is not to be used for any other purpose or to be made available to any other person without the express written consent of Walnut Realty Group. Summaries contained herein of any documents or approvals are not intended to be comprehensive statements of the terms of such documents or approvals, but rather only outlines of some of the principal provisions contained therein. No warranty or representation, expressed or implied, is made by Owner, Agent or any of their respective related agents or entities as to the accuracy or completeness of the information contained herein or with respect to any matter pertaining to the property including, without limitation, the suitability of the Property for any particular activity or use or its fitness for a particular purpose. Prospective buyers should make their own investigations, projections and conclusions regarding the Property. It is expected that prospective buyers will conduct their own independent due diligence concerning the Property, including, without limitation, such legal, engineering and environmental inspections as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous materials used in the construction or maintenance of the Property. No representations, expressed or implied, are made as to the foregoing matters by the Owner, Agent or any of their respective officers, employees, affiliates and/or agents.
Gene Zlotnikov [email protected] 267-528-8813License: RS319486
1080 N Delaware Ave, Suite 315Philadelphia, PA [email protected]
Property Description
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Property Summary
This full rehab project in the booming Temple Hospital area has the potential to be a 11-12% cap rate rental with 5 residential units. It
consists of a 2,200 square foot structure with a full basement and enough space to build an addition on the 3rd floor. Utilizing the
basement space would allow for two bi-level units on the 1st floor and basement. The sale also includes the adjacent lot (1529 W
Westmoreland St) which leaves the option of a second exit on the side of the building leading to a large community courtyard or
designated parking area.
The property's close proximity to prominent Temple University owned buildings such as the Lewis Katz School of Medicine, Temple
Hospital, Temple University Hearing Services, as well as Temple's Schools of Pharmacy, Dentistry and Health Professions will draw
interest from graduate students, faculty members, and medical staff. Within two blocks of the property, you will find two subway
stations leading to Center City, as well as a Starbucks, Rite Aid and PNC Bank. It's proximity to commercial businesses, eateries, shops,
and center city will generate interest from working professionals who may commute to CC or the nearby Fairmount area. It only takes
19 minutes on the subway or a 17 minute drive to reach the city center.
The street is well-lit and heavily traveled with several other redevelopment projects already underway. Two newly renovated triplexes
recently sold at cap rates of 8% on the same block. A shell of similar size recently sold for $180,000 just two blocks away and did not
include a second lot. As other new developments arise and are in high demand, now is the perfect time to renovate this strategically
placed investment property.
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Financial Pro-Forma, Unit Mix
Unit Mix (3) 1 bedroom / 1 bathroom / $750/mo(2) 2 bedroom / 2 bathroom / $1100/mo
Projected RentGross Projected Rent $4,450Gross Annual $53,400
Expense Estimates Real Estate Tax $1,304Common PECO $600Water $2,600Fire Monitoring $900Insurance $2,500Rental Licenses $250Repair and Maintenance $2500Turnover $1000
NET PROJECTED INCOME $41,746
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Property Photos
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Property Photos (Cont.)
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1527 W Westmoreland St1529 W Westmoreland St
Temple Medical Campus
1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Property Photos (Cont.)
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1527 W Westmoreland St
1529 W Westmoreland St
Lewis Katz School of Medicine at Temple
1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Location Description
.2 miles from Rite Aid (4 minute walk)
19 minute subway ride to City Hall
.4 miles from Lewis Katz School of MedicineAt Temple University (8 minute walk)
11 minute bike ride to Temple UniversityMain Campus
.3 miles from Broad St. Subway (5 minute walk)
.3 miles from Temple University School of Dentistry
.3 miles from Starbucks (5 minute walk)
6 minute drive to Shop Rite(1.3 miles)
10.2 miles from PNC Bank (4 minute walk)
1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
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Starbucks
Sale Comparables
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
As-Completed Comparable 1
Subject building
Comparable
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Subject building
Comparable
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As-Completed Comparable 2
1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
As-Completed Comparable 3
Subject building
Comparable
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
As-Is Comparable
Subject building
Comparable
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Sale Comparable Map
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3301 N 16th St3303 N 16th St
1601-3 W Tioga St
Subject Property
3443 N Carlisle St
Broker Profile
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1527-29 W Westmoreland Philadelphia, PA 19140
2493 Sq Ft Lot31x80 Lot Dimensions
2,200 Sq Ft buildingPrice: $170,000
Presented by:Walnut Realty Group
Gene Zlotnikov
Partner
Gene Zlotnikov [email protected] 267-528-8813License: RS319486
1080 N Delaware Ave, 315Philadelphia, PA 19125215-278-2873
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Sales
Sold over $23 million in 19121 zip code
Investing
Investment consultant for multiple commercial development groups
.
Leasing
Responsible for leasing 300 units per year from 2011-2017 in the 19121 zip code
Designing
Design consultant for multiple construction companies
![Floor Plans Capacity Charts - Cloudinary · To DJT Ballroom Juniper 2,322 sq. ft. [] Jones Courtyard Ginger 3,276 sq. ft. 567 sq. ft. Lantana 760 sq. ft. 648 sq. ft. Rose 760 sq.](https://static.fdocuments.net/doc/165x107/5ec70014e020fb7bed7efd7d/floor-plans-capacity-charts-cloudinary-to-djt-ballroom-juniper-2322-sq-ft-.jpg)
