Investments Sales Management

175 W BERKS STREET 00

PHILADELPHIA, PA 19122

MLS#: PAPH2592362

$650,000

Status: Active
Listing number: PAPH2592362
Listing provided by: Keller Williams Real Estate - Newtown
Listing agent phone: None
Last update: 5 days ago
On site: 3 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1910

Sq.Footage

0

7-Unit Multifamily Investment Opportunity | Value-Add | West Kensington, Philadelphia 175 West Berks Street – Philadelphia, PA Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area. This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs. Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations. Investment Highlights 7-unit multifamily property Unit mix: 6 one-bedroom apartments, 1 efficiency Located in rapidly developing West Kensington Surrounded by new multifamily construction and luxury residential development Value-add opportunity through rent increases Potential development upside through vertical expansion (buyer to verify) Strong rental demand in a centrally located Philadelphia neighborhood Showings: Please allow 24–48 hours’ notice to coordinate access to the maximum number of units. Financials available upon request.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1440.0

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $650,000

  • Tax Amount

    $7,418

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    113

  • Water Source

    Public

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Listing Courtesy of Nick Desloges , Keller Williams Real Estate - Newtown

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7-Unit Multifamily Investment Opportunity | Value-Add | West Kensington, Philadelphia 175 West Berks Street – Philadelphia, PA Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area. This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs. Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations. Investment Highlights 7-unit multifamily property Unit mix: 6 one-bedroom apartments, 1 efficiency Located in rapidly developing West Kensington Surrounded by new multifamily construction and luxury residential development Value-add opportunity through rent increases Potential development upside through vertical expansion (buyer to verify) Strong rental demand in a centrally located Philadelphia neighborhood Showings: Please allow 24–48 hours’ notice to coordinate access to the maximum number of units. Financials available upon request.

175 W BERKS STREET 00

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