2-8 S 46th St - Apartments FOR SALE


Philadelphia, PA 19139- Walnut Hill
$2,800,000 USD
267-546-1718
2-8 S 46th St, Philadelphia, PA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/13
null | 5.26% Cap Rate

2-8 S 46th St
Philadelphia, PA 19139
Walnut Hill


HIGHLIGHTS

  • Three Floors plus Basement
  • Coin-op W/D in Basement
  • Some Units have Private Balconies/Decks
  • Hard-wired Smoke and Fire System

OVERVIEW

MPN Realty is pleased to present the exclusive sale of 2-8 S 46th St., a 13-unit apartment building located at the highly trafficted corner of S 46th St. and Market St. in University City. The property presents a fantastic investment opportunity with (13) 2 bedroom/ 1 bath units, all of which are self-contained. The property does present a value-add opportunity, as with some upgrades/improvements, there is potential to increase rents. The seller has owned the property for over 15 years, and has had stellar rental history throughout their ownership. The property is very well located in University City, making this an ideal location for students from UPenn and Drexel.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

13

PRICE/UNIT

$215,385

CAP RATE

5.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,609 SF

ZONING

RM-1

APN/PARCEL ID

881214900

ASK ABOUT THIS PROPERTY

Nadia BilynskyMPN RealtyMore Info
267-546-1718

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Nadia BilynskyMPN RealtyMore Info
267-546-1718

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