175 W Berks St - Multi-Family FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$725,000 USD
215-860-4200
175 W Berks St, Philadelphia, PA for Sale
$725,000 USD
Multi-Family - FOR SALE
1/13
null | 6.92% Cap Rate

175 W Berks St
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • Tremendous Location in Booming West Kensington
  • 7 Unit Multifamily
  • Opportunity to Value Add

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

7

PRICE/UNIT

$103,571

CAP RATE

6.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

175 West Berks

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CMX2

APN/PARCEL ID

881078740

ASK ABOUT THIS PROPERTY

Ron IsgateKeller Williams Real EstateMore Info
215-860-4200

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Ron IsgateKeller Williams Real EstateMore Info
215-860-4200

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