UPDATED:
12/18/2024 07:33 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 35,650 sqft
Price per Sqft $81
MLS Listing ID PAPH2359678
Originating Board BRIGHT
Year Built 1920
Tax Year 2022
Lot Size 0.898 Acres
Acres 0.9
Lot Dimensions 151.00 x 237.00
Property Description
-Incredible Investment Opportunity in a Thriving Locale!
-Projected Gross Rent: $1,012,200 annually
-64-unit property consisting of 1 & 2-bedroom apartments
-Average 1 bed 575 sf and average 2 bed 1100 sf
-40 Parking Spaces with No Low-Income Housing Requirement
-Adaptive Reuse Project with Completed Foundation & Facade
-Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included
This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning I2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Inclusions lans, permits, reports, and surveys will be provided to the buyer
Heat Source Electric
Exterior
Garage Spaces 40.0
Water Access N
Accessibility 2+ Access Exits, 32\"+ wide Doors, 48\"+ Halls
Total Parking Spaces 40
Garage N
Building
Sewer Public Hook/Up Avail
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884341857
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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