222 W Chew Avenue, an 8-unit multifamily investment opportunity located in Philadelphia. Offered at $675,000, the property consists entirely of one-bedroom / one-bathroom residences totaling approximately 5,000 rentable square feet, with each unit averaging approximately 625 square feet.

The property currently generates $86,400 in Gross Scheduled Rent and $31,614 in Net Operating Income, representing a 4.68% going-in capitalization rate. Year 1 underwriting projects Gross Scheduled Rent increasing to $108,000 and NOI reaching $51,108, resulting in a 7.57% Year 1 capitalization rate.

Current rents range from $800 to $975 per month, with an average monthly rent of $900 per unit. At the asking price, the property is offered at an acquisition basis of approximately $84,375 per unit and $135 per rentable square foot. The combination of an attainable per-unit basis, consistent unit layouts, in-place income, and underwritten rental growth provides investors with an opportunity to improve operating performance while building upon the property's existing multifamily use.

Investment Highlights:

• ATTRACTIVE ACQUISITION BASIS | Offered at $675,000, equating to approximately $84,375 per unit and $135 per rentable square foot.

• RENTAL GROWTH OPPORTUNITY | Current rents range from $800 to $975 per month, averaging $900 per unit, while Year 1 underwriting assumes $108,000 in Gross Scheduled Rent, providing a meaningful opportunity for revenue growth.

• YEAR 1 NOI UPSIDE | Underwritten NOI increases from $31,614 currently to $51,108 in Year 1, resulting in a projected 7.57% Year 1 capitalization rate.

• CONSISTENT UNIT LAYOUTS | All eight apartments are one-bedroom / one-bathroom residences averaging approximately 625 square feet, providing a straightforward and highly uniform residential program.

• MANAGEABLE MULTIFAMILY SCALE | The property's eight-unit configuration provides investors with multifamily scale while maintaining a manageable operating footprint and an accessible overall acquisition basis.

Price: $675,000
Price/Unit: $84,375
Price Per SF: $135.00
Current Cap Rate: 4.68%