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Listed by Samantha Lee Miller • Select Commercial Advisors
$ 1,195,000
Est. payment | /mo
4,800 SqFt
$ 1,195,000
Est. payment | /mo
4,800 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $248
Subdivision Strawberry Mansion
MLS Listing ID PAPH2477350
Year Built 2024
Available Date 2025-05-05
Annual Tax Amount $824
Tax Year 2025
Lot Size 1,270 Sqft
Acres 0.03
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
We are pleased to present the opportunity to acquire a turnkey, stabilized multifamily asset on a 7.0% proforma cap rate in North Philadelphia West, featuring 5 spacious residential units and a full 10-year tax abatement. Acquire this high-quality, low-maintenance, new-construction property just completed in Q3 2024. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia West (19121) submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 323094700
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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