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Rad Diversified Acquires Package Deal In Philadelphia For $4.75M

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SOLD
$4,750,000

Pennsylvania

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SOLD

Rad Diversified Acquires Package Deal In Philadelphia For $4.75M

4047 North 6th Street, Philadelphia, Pennsylvania 19140, United States

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Summary

PENNSYLVANIA
Transaction Type:Sale

A package deal involving multiple properties in Philadelphia, PA has been sold for a total of $4,750,000. The transaction, facilitated by brokers Stephen Stafford, Shawn Witter, and Ryan McManus, included the sale of 43 units at an average price of $110,500 per unit.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $4,750,000
  • Market: Philadelphia, PA

The properties included in the package deal are located at the following addresses: 4047 N 6th St, 4141 Cambridge St, 4290 Griscom, 4338 Penn St, 4701 Hawthorne St, 4721 Mulberry St, 509 N 63rd Ave, 5106 Jackson St, 5114 Duffield, 2067 E Chelton Ave, 2010, 2014, 2066 & 2077 Wilmot St, 2113 Simon, 2141 Carver St, 221 W Clapier, 2529 N 33rd, 2539 W Gordon, 2749 N Croskey, 304 E Bringhurst, 1036 Wagner Ave, 1353 Sellers St, 1621 Dyre St, 1662 Conklin, 1826 Plum, 1931 W Airdrie St, 5230 Marlowe, 526 E Walnut, 5310, 5330, 5332, 5334 & 5340 Glenmore Ave, 5339 Hedge, 533 E Mayland St, 5518 Malcolm, 5634 Arch St, 5713 & 6614 Chew Ave, 5915 & 6113 McMahon St, and 5964 Warrington.

Rad Diversified was the buyer in the transaction, while Full Court Development acted as the seller. The buyer was represented by brokers Stephen Stafford and Shawn Witter from SDG Real Estate, along with Ryan McManus from Compass.

Players

13 deals$66.4M volume(610) 606-1095
BROKER


BUYER

Details

SOLD
IMAGE: Stephen Stafford, Shawn Witter & Ryan McManus DATE: 12/16/2022 ADDRESS: 4047 N 6th St, 4141 Cambridge St, 4290 Griscom, 4338 Penn St, 4701 Hawthorne St, 4721 Mulberry St, 509 N 63rd Ave, 5106 Jackson St, 5114 Duffield, 2067 E Chelton Ave, 2010, 2014, 2066 & 2077 Wilmot St, 2113 Simon, 2141 Carver St, 221 W Clapier, 2529 N 33rd, 2539 W Gordon, 2749 N Croskey, 304 E Bringhurst, 1036 Wagner Ave, 1353 Sellers St, 1621 Dyre St, 1662 Conklin, 1826 Plum, 1931 W Airdrie St, 5230 Marlowe, 526 E Walnut, 5310, 5330, 5332, 5334 & 5340 Glenmore Ave, 5339 Hedge, 533 E Mayland St, 5518 Malcolm, 5634 Arch St, 5713 & 6614 Chew Ave, 5915 & 6113 McMahon St & 5964 Warrington MARKET: Philadelphia, PA ASSET TYPE: Package Deal BUYER: Rad Diversified (@RadDiversified) SELLER: Full Court Development (@fullcourtdevelopment) BROKERS: Stephen Stafford (@Stephen_Stafford_RE) & Shawn Witter (@Shawn_Witter_RE) – SDG Real Estate (@sdgrealestate) ; Ryan McManus (@Agentphl) - Compass (@Compass) (@CompassNY) SALE PRICE: $4,750,000 UNIT: 43 ~ PPU: $110,500

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08