1735 S 23rd St - Multi-Family FOR SALE


Philadelphia, PA 19145- Point Breeze
$1,490,000 USD
610-606-1095
1735 S 23rd St, Philadelphia, PA for Sale
$1,490,000 USD
Multi-Family - FOR SALE
1/81
null | 6.25% Cap Rate

1735 S 23rd St
Philadelphia, PA 19145
Point Breeze


HIGHLIGHTS

  • TURNKEY APARTMENT BUILDING
  • 10YR TAX ABATEMENT
  • COVETED NEIGHBORHOOD IN PHILLY
  • TOP 10 USA MSA
  • HIGH-DEMAND REAL ESTATE
  • BOUTIQUE MULTIFAMILY PROPERTY

OVERVIEW

This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.25% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

5

PRICE/UNIT

$298,000

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

POINT BREEZE 5PLEX

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

364128600

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.