Ryan McManus Of Agent PHL Sells Development Site On Germantown Avenue, Philadelphia For $2,085,000
SOLD
$2,085,000
Pennsylvania
See Similar DealsDevelopment Site
Sold 10/23/2023
SOLD
Ryan McManus Of Agent PHL Sells Development Site On Germantown Avenue, Philadelphia For $2,085,000
6915 Germantown Avenue
See Similar DealsDevelopment Site
Sold 10/23/2023
Summary
PENNSYLVANIA
Asset Type:Development Site
Transaction Type:Sale
A development site located at 6915 Germantown Avenue in Philadelphia, PA has been sold for a price of $2,085,000. The sale was facilitated by broker Ryan McManus from Agent PHL. The property consists of a vacant lot that offers the potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,085,000
- Address: 6915 Germantown Avenue, Philadelphia, PA
- Broker: Ryan McManus - Agent PHL
This transaction presents an opportunity for the buyer to capitalize on the property's prime location in Philadelphia. With the guidance of Ryan McManus from Agent PHL, the buyer can explore various development possibilities for the vacant lot and maximize its potential value.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$111,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,407.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,883.96
Annual Debt Service$118,607.56
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