5542 Larchwood Ave Philadelphia, PA 19143

Property Details for 5542 Larchwood Ave

Property size

43,500 SF

Property type

Residential income homes

Description

Exceptional investment opportunity in Philadelphia's burgeoning Cobbs Creek neighborhood. This portfolio comprises 25 single-family homes (24 three-bedroom and 1 four-bedroom), totaling 43,500 square feet, with 100% occupancy. The properties are strategically located in a tightly clustered area, maximizing management efficiency and economies of scale. Currently generating a strong NOI of $455,660, representing a 12.15% cap rate and a price per unit of $107,143. The asking price is $3,750,000, or $86.21 per square foot. This represents a significant opportunity given the area's rapid improvement, fueled by substantial investment in local infrastructure and amenities, including a $65 million revitalization project encompassing the historic Cobbs Creek golf course, public spaces, and a youth educational campus. The portfolio offers flexibility; individual properties can be improved or sold separately, while maintaining the core investment. The current professional property management can be retained, if desired. This is a rare chance to acquire a well-managed, high-performing portfolio in a rapidly appreciating West Philadelphia location, close to public transportation, the Cobbs Creek Trail, and other key amenities. The portfolio includes properties located at addresses including, but not limited to, 1410 N Hirst Street, 1633 N 60th Street, 1847 S 54th Street, and 5542 Larchwood Avenue, Philadelphia, PA 19143. Individual property OPA account numbers are available upon request.