Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 5410 Springfield Ave: Financial Summary: Asking Price $750,000 Property Type Five Unit Multifamily Financial Summary Gross Monthly Income: $5,995 Gross Annual Income: $71,940 Annual NOI: Approximately $58,068 Cap Rate: 7.74% Property Highlights • Five-unit apartment building • Strong in-place cash flow • Recent appraisal available • Fully renovated • Stable tenancy • Excellent condition Building Information Utilities: Separately metered Electric paid by tenants Gas paid by tenants Water/Sewer paid by owner Heating Combination electric and gas heat Cooling -None Roof -Approximately 4 years old Water Heaters -Approximately 4 years old Electrical -Approximately 4 years old Plumbing -Approximately 4 years old Renovations -Complete renovation completed Unit Condition -Excellent Capital Improvements: Heater replacement anticipated around 2028 Parking -None Deferred Maintenance -None reported Environmental Concerns -None known
Multi-familyProperty Type
1925Year Built
3,200 sq ftLot Size
$833Price/Sq.Ft.
Listed by Christopher Yangello• Capital Commercial Real Estate Group
Kingsessing, located between Cobbs Creek Park and the Schuylkill River, is a residential and industrial Philadelphia neighborhood with a creekside greenbelt and a rail-and-warehouse edge. The neighborhood’s character concentrates along Woodland Avenue near 58th Street, where corner stores, takeout counters, barbershops, and SEPTA trolleys set a steady street rhythm. Rows of brick twins and porch-front homes mix with older commercial blocks and light-industrial buildings. Cobbs Creek trails and ballfields shape daily routines and weekend walks. Bartram’s Garden and the John Heinz National Wildlife Refuge at Tinicum frame the area with big-sky nature. Local staples such as Booker's Restaurant & Bar and the Kingsessing Recreation Center anchor community life.
Provided by Walk Score and Local Logic
Market insights
5410 Springfield Ave · $750,000
DAYS ON MARKET
70 days
The average home goes pending in 147 days.
SALE-TO-LIST
94.1%
Most homes are selling 6% below list price.
LIST PRICE
$750,000
Median list price in this area is $350,697. (53% lower than this home)
PRICE DROP
0 price drops
60% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Basement with connecting stairway
Bedrooms
Five one-bedroom units (multi-unit property)
Heating & cooling
Baseboard electric heating
Natural gas hot water
Exterior features
Lot approximately 32 x 100
No tidal water
Home design
Semi-detached property
Fee simple ownership
Property in excellent condition
Effective remodel/major update in 2023
Estimated year built
Parking
On-street parking
Construction
Masonry construction
Brick/mortar foundation
Above-grade and below-grade structures
Utilities
Public water
Public sewer
Electric service available
Natural gas available
Cable TV available
Electricity and solar
View estimated energy costs and solar savings for this home
The RM, Residential Multi-Family districts are primarily intended to accommodate moderate- to high-density, multi-unit residential buildings in areas where such development already exists or where it is desired in the future. The Zoning Code includes four RM districts. These districts are differentiated primarily on the basis of allowed minimum lot area per unit and allowed building heights.
Permitted uses
Include but are not limited to:
Assembly / meeting place
Community / recreation center
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Recreation-Other
Sep 24, 2024 • Final
Plumbing
Remove and replace water closets, lavatories, tubs, showers, kitchen sinks, and water heaters.
Bathroom
Plumbing
Sep 24, 2024 • Final
Electrical
Replace electrical fixtures and devices on a one-for-one basis. No additional wiring is included in the scope of work.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19143
Average low and high temperatures (°F)
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Sun exposure
71/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Philadelphia. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.3 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5410 Springfield Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $110,000 and $850,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $110K to $850K.