10,357 Sqft Lot
10,357 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Point Breeze
MLS Listing ID PAPH2569688
Year Built 2023
Available Date 2026-01-05
Annual Tax Amount $7,809
Tax Year 2025
Lot Size 10,357 Sqft
Acres 0.24
Lot Dimensions 60.00 x 180.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
CONSTRUCTED JUST 2 YEARS AGO, THIS MODERN, HIGH-QUALITY BUILDING OFFERS INVESTORS A FULLY STABILIZED, TURN-KEY MULTIFAMILY INVESTMENT WITH APPROXIMATELY 90% OCCUPANCY AND CONSISTENT, STRONG RENTAL DEMAND.
AT FULL STABILIZATION, THE PROPERTY GENERATES APPROXIMATELY $60,000 IN MONTHLY INCOME, FURTHER ENHANCED BY AN APPROVED TAX ABATEMENT, RESULTING IN EXCEPTIONAL LONG-TERM CASH FLOW AND REDUCED OPERATING EXPENSES. DESIGNED FOR EFFICIENCY AND DURABILITY, THE ASSET FEATURES CONTEMPORARY FINISHES, ENERGY-EFFICIENT SYSTEMS, AND MINIMAL NEAR-TERM CAPITAL EXPENDITURE REQUIREMENTS.
WITH ITS INSTITUTIONAL-GRADE CONSTRUCTION, LOW-MAINTENANCE PROFILE, AND CORE-PLUS MARKET POSITIONING, THIS PROPERTY REPRESENTS THE TYPE OF HIGH-PERFORMING, INCOME-PRODUCING ASSET SOUGHT BY DISCERNING INVESTORS SEEKING STABILITY, GROWTH, AND LONG-TERM APPRECIATION.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning CMX2
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 15.0
Water Access N
Accessibility None
Total Parking Spaces 15
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881000304
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Variable, Other
Listing Terms Cash, Conventional, Variable, Other
Financing Cash,Conventional,Variable,Other
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1142109617?share=copy&fl=sv&fe=ci
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