2522 N 2nd St - Multi-Family FOR SALE


Philadelphia, PA 19133- North Philadelphia East
$1,100,000 USD
267-252-0223
2522 N 2nd St, Philadelphia, PA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/7
null | 8.39% Cap Rate

2522 N 2nd St
Philadelphia, PA 19133
North Philadelphia East


HIGHLIGHTS

  • Access & Connectivity
  • Nearby Higher Education
  • Separately Metered Utilities
  • Development Opportunity
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 2522-2528 N 2nd St (the “Property”). The multi-story building contains six (6) studios, three (3) one-bedroom, one-bathroom units, and three (3) two-bedroom, one-bathroom units with 5,838 square feet of gross building area. The Property is situated upon four 0.025-acre parcels, totaling 0.10 acres. The Property is offered at a price per unit of $91,670 and has been held by the same ownership group since 1988, representing a long-held, Fishtown adjacent asset. The Property is located immediately adjacent to Fishtown, one of Philadelphia’s most in-demand rental submarkets, with direct access to the Frankford Avenue dining, retail, and entertainment corridor, Center City, and the Delaware River waterfront. The Property benefits from convenient connectivity to major regional routes including Aramingo Avenue, Frankford Avenue, and Front Street, with close proximity to Interstate 95 and the Betsy Ross Bridge interchange, providing efficient access throughout the Philadelphia metropolitan area and to South Jersey.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

12

PRICE/UNIT

$91,667

CAP RATE

8.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

192071400

ASK ABOUT THIS PROPERTY

Joe LoonstynHorvath & TremblayMore Info
267-252-0223

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Joe LoonstynHorvath & TremblayMore Info
267-252-0223

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