USAPAPhiladelphiaWest Oak Lane7092 Forrest Ave

7092 Forrest Ave, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1

$1,450,000

7092 Forrest Ave, Philadelphia, PA

Name: 7092 Forrest Ave, For Sale in PHILADELPHIA - eXp Commercial Brokerage
Brand: Scope Commercial Real Estate Services, Inc.
SKU: PAPH2531354
Price: 1450000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 6454 sqft

Garage No

Maintenance Fees

Taxes $9,734

Days Active 1

Approx. Age 1925

Avg. Price Per Sqft $224

MLS® Number PAPH2531354

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Presenting the opportunity to acquire 7092 Forrest Avenue, a 12-unit multi-family building located in the West Oak Lane neighborhood of Northwest Philadelphia. This offering presents a stable, cash-flowing asset with a strong mix of voucher-backed income and master leased units. The building includes all 12 one-bedroom, one-bathroom units. Of these, two units are market rate, six are leased to PHA voucher tenants, and four are leased to 1260 Housing, a non-profit that pays rent under a master lease structure and subleases to qualified residents. This master lease provides consistent collections and streamlined management. Units 101 and 102 are in the process of getting rental increases with PHA to $1, 250. The current average rent is $1, 205. Ownership also replaced the roof this year, upgraded the common areas with new trim, paint, and carpeting, and maintained appliances as needed. Located in West Oak Lane, 7092 Forrest Avenue offers residents a quiet, residential setting while remaining highly connected to the rest of the city. The property is within a 10-minute drive of SEPTA’s Chestnut Hill East Regional Rail line (Sedgwick Station), providing a direct route to Center City Philadelphia. Multiple SEPTA bus routes, including the H, 6, and 18 lines, also service the area, while nearby corridors like Cheltenham Avenue, Stenton Avenue, and Lincoln Drive offer convenient access to retail, services, and major highways such as Route 309 and I-76. The surrounding neighborhood features a mix of tree-lined streets, local schools, shopping centers, and healthcare facilities, supporting strong long-term rental demandShow Description

MLS® NumberPAPH2531354

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1925

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard - Hot Water, Natural Gas

A/CWindow Unit(s), Electric

Heating Fuel

Extras

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