2328-2344 N 2nd St - Apartments FOR SALE
Philadelphia, PA 19133 |
2328-2344 N 2nd St
Philadelphia, PA 19133
HIGHLIGHTS
- Rare opportunity to acquire a newly constructed 33-unit boutique multifamily with two retail units and development land all within the path of growth.
- Well-designed floor plans with condo quality finishes, 9' and 10’ tall ceilings, tech-forward appliances, a green roof deck, an elevator, and more.
- Immense value-add through lease-up and development of the fully entitled land to construct eight duplex units or four townhouses in the rear.
- Located in North Philadelphia which has seen rapid development, attracting young professionals and renters seeking proximity to local amenities.
- Full 10-year tax abatement allowing a new owner to only pay taxes on the portion of the assessment attributable to land.
- In a densely populated area with over a million people living within a 5-mile radius with over $10.3 billion in annual consumer spending.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
New Multifamily Construction & Retail Units
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
30899
STORIES
4
YEAR BUILT
2024
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
882966135
