2017 E Susquehanna Ave - Apartments FOR SALE


Philadelphia, PA 19125- Kensington
$1,799,999 USD
267-435-8015
2017 E Susquehanna Ave, Philadelphia, PA for Sale
$1,799,999 USD
Apartments - FOR SALE
1/22
null | 4% Cap Rate

2017 E Susquehanna Ave
Philadelphia, PA 19125
Kensington


HIGHLIGHTS

  • Easy access to public transportation
  • Large units
  • Extremely walkable for tenants

OVERVIEW

Introducing a prime investment opportunity at 2017 E Susquehanna, a newly built (2021) 4-unit property perfectly situated in the vibrant heart of East Kensington. With six years remaining on the tax abatement, this property offers a lucrative long-term advantage. The unit mix includes three spacious 2-bedroom units and one charming 1-bedroom unit. Each unit is thoughtfully designed as a bi-level, while Unit 2 boasts an impressive three-story layout. The 2-bedroom units are all equipped with 2.5 bathrooms and boast private outdoor spaces for seamless indoor-outdoor living. The top-floor 2-bedroom units enjoy exclusive access to private roof decks, offering stunning views and an ideal spot for relaxation or entertaining. The first-floor 2-bedroom unit features a private backyard patio, providing a serene escape. Each unit comes with in-unit laundry facilities, ensuring convenience and comfort for all residents. The property is fully rented, offering instant cash flow to the new owner from day one. The property operates on all-electric utilities, offering modern convenience and efficiency. Each unit includes a dedicated storage closet in the basement, providing tenants with additional space for their belongings. Located just steps away from Front Street, tenants will appreciate the easy access to public transportation, making commuting a breeze. The property is within walking distance to local coffee shops, and a newly opened brewery just across the street adds to the vibrant neighborhood atmosphere. Enjoy all the amenities and attractions that East Kensington and Fishtown have to offer right at your doorstep. This property is an exceptional opportunity for investors seeking a turnkey investment in one of Philadelphia's most desirable neighborhoods. Don't miss your chance to own this fantastic asset!

FOR SALE DETAILS

PRICE

$1,799,999 USD

PRICE/SF

$305 USD /SF

# OF UNITS

4

PRICE/UNIT

$450,000

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,819 SF

ZONING

RM1

APN/PARCEL ID

313037600

ASK ABOUT THIS PROPERTY

Daniel BaerCompass Real EstateMore Info
267-435-8015

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Daniel BaerCompass Real EstateMore Info
267-435-8015

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