Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2023
Sq.Footage
N/A
This brand-new, fully occupied 15-unit apartment building in the highly desirable West Philadelphia area offers an incredible investment opportunity for anyone looking to expand their real estate portfolio. With a mix of modern, well-designed units and a strong, steady rental income, this property promises excellent long-term returns. The building features a thoughtful layout spread across three floors and a basement. The first floor includes one one-bedroom apartment and two studio apartments, while the second floor offers two two-bedroom units and one one-bedroom unit. The third floor consists of six bi-level, one-bedroom, one-and-a-half-bathroom units, and the basement level features three studio apartments. All units are equipped with modern kitchens and bathrooms, and the building has been constructed to the highest standards, including new appliances throughout. A convenient elevator serves the first two levels, making it easy for residents to access their apartments. The building also includes a coin-operated washer and dryer in the common area, adding additional convenience for tenants. Located in the thriving University City area, this property is just minutes away from the University of Pennsylvania and Drexel University, making it a highly desirable location for students and professionals. With its prime location and fully occupied status, the building offers strong rental demand and consistent income potential. To sweeten the deal, the property comes with a 10-year tax abatement, making it an even more attractive investment. This is a rare opportunity to acquire a high-quality, fully leased building in a growing and vibrant neighborhood—an ideal addition to any investor’s portfolio.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.05
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
On Street
Financial
-
Sales Price
$2,895,000
-
Tax Amount
33049.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Joseph B Bograd , RE/MAX Elite
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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