Residential Income
10034 Verree Road Philadelphia, PA 19116
10034 Verree Road, Philadelphia, PA, 19116
$430,000
Pending
For Sale
$430,000
Pending
For sale residential income multifamily property at 10034 Verree Road, Philadelphia, PA 19116.
Property Size1,846 SF
Days on Market38
Property Features for 10034 Verree Road
General Information
- Standard status
- Pending
- Size
- 1,846 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1966
Listing agency
Exceed Realty
(267) 636-7777
Listed by
Khusniddin Yuldashev · License #RS366818
(267) 636-7777
Source
Compass
Added: Jun 15 Updated: Jul 17 at 2:52AM Checked: Jul 22 at 10:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exceed Realty
Investment Insights
Based on property information with market context.
This for-sale residential income multifamily property is located at 10034 Verree Road in Philadelphia, PA 19116.
The listing is in MLS Area 19116 and is associated with the Philadelphia City School District (source: listing agent). County is noted as PHILADELPHIA.
Additional details regarding unit configuration, interior finishes, or income-producing specifics were not provided in the available information.
The listing is in MLS Area 19116 and is associated with the Philadelphia City School District (source: listing agent). County is noted as PHILADELPHIA.
Additional details regarding unit configuration, interior finishes, or income-producing specifics were not provided in the available information.
Key Highlights
- Residential income multifamily property for sale at 10034 Verree Road, Philadelphia, PA 19116
- Year built: 1966
- Flooring modifications listed under accessibility features
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $30.36 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $52.8k | $28.60 |
| − OpEx | −$23.8k | −$12.87 |
| NOI | $29.0k | $15.73 |
1,846 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - For sale residential income multifamily property at 10034 Verree Road, Philadelphia, PA 19116.
Where is this multifamily property located?
The property is located at 10034 Verree Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Residential income multifamily property for sale at 10034 Verree Road, Philadelphia, PA 19116; Year built: 1966; Flooring modifications listed under accessibility features
