5,631 SqFt
5,631 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,631 sqft
Price per Sqft $239
MLS Listing ID PAPH2573514
Style Contemporary
Abv Grd Liv Area 5,631
Year Built 2014
Annual Tax Amount $20,271
Tax Year 2025
Property Sub-Type Other
Source BRIGHT
Property Description
The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,505 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment.
What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies:
- Continue operating as a stabilized income-producing rental
- Sell individual condo units separately over time
- Implement a hybrid strategy combining rentals and condo sales
All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal. Located just minutes from Center City, major universities, public transportation, and Brewerytown's expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth.
This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia's hottest submarkets.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Private Pool No
Building
Above Ground Finished SqFt 5631
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 888290610
Ownership Fee Simple
SqFt Source 5631
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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