1951 Point Breeze Ave - Apartments FOR SALE


Philadelphia, PA 19145- South Philadelphia West
$9,200,000 USD
267-774-6886
1951 Point Breeze Ave, Philadelphia, PA for Sale
$9,200,000 USD
Apartments - FOR SALE
1/23
null | 6.5% Cap Rate

1951 Point Breeze Ave
Philadelphia, PA 19145
South Philadelphia West


HIGHLIGHTS

  • 90% OCCUPIED STABILIZED 30 UNIT NEW CONSTRUCTION APARTMENT

OVERVIEW

1951 POINT BREEZE AVE • PHILADELPHIA, PA 19146 LUXURY 30-UNIT NEW CONSTRUCTION APARTMENT BUILDING – CLASS A ASSET INTRODUCING 1951 POINT BREEZE AVE, A PREMIER CLASS A, 30-UNIT LUXURY APARTMENT BUILDING LOCATED IN ONE OF PHILADELPHIA’S FASTEST-GROWING NEIGHBORHOODS. BUILT JUST 2 YEARS AGO, THIS MODERN PROPERTY OFFERS INVESTORS A FULLY STABILIZED, TURN-KEY INCOME-PRODUCING ASSET WITH 90% OCCUPANCY AND STRONG RENTAL DEMAND. THIS HIGH-QUALITY BUILDING DELIVERS $52,000+ IN MONTHLY INCOME, SUPPORTED BY AN APPROVED TAX ABATEMENT, ENSURING EXCEPTIONAL LONG-TERM CASH FLOW AND MINIMIZED OPERATING EXPENSES. WITH LOW MAINTENANCE COSTS, CONTEMPORARY FINISHES, AND ENERGY-EFFICIENT SYSTEMS, THIS IS THE TYPE OF ASSET INSTITUTIONAL INVESTORS SEEK IN CORE-PLUS MARKETS.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

30

PRICE/UNIT

$306,667

CAP RATE

6.5%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,111 SF

ZONING

CMX2

APN/PARCEL ID

881000304

ASK ABOUT THIS PROPERTY

Gazi AtasevenHomeSmart Realty AdvisorsMore Info
267-774-6886

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

Gazi AtasevenHomeSmart Realty AdvisorsMore Info
267-774-6886

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