UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $244
Subdivision Strawberry Mansion
MLS Listing ID PAPH2646168
Style Straight Thru
Abv Grd Liv Area 2,550
Year Built 1915
Annual Tax Amount $2,410
Tax Year 2025
Lot Size 1,584 Sqft
Acres 0.04
Lot Dimensions 16.00 x 99.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Fully renovated in 2024 with a tax abatement, this legally zoned 4-unit multifamily property presents an outstanding investment opportunity with immediate upside. The property features three 1-bedroom apartments, one studio apartment, and an additional income-producing efficiency space.
Investment Highlights:
* Legally zoned 4-unit multifamily property
* Fully renovated in 2024
* Tax abatement in place
* Projected Gross Annual Rental Income: $67,200
* Estimated Stabilized NOI: $51,900
* Approximate Stabilized Cap Rate: 8.0%
* Three 1-bedroom apartments, one studio apartment, and additional income-producing efficiency space
* Immediate lease-up opportunity with strong long-term rental income potential
* Ideal for investors and 1031 exchange buyers
A complete investment package, including the current rent roll, operating information, and additional financial details, is available upon request.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RM1
Interior
Hot Water Other
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 2550
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 282237700
Ownership Fee Simple
SqFt Source 2550
Special Listing Condition Standard
Nearby School & Business
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