257-259 S 46th St - Apartments FOR SALE


Philadelphia, PA 19139- Walnut Hill
$1,475,000 USD
610-606-1095
257-259 S 46th St, Philadelphia, PA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

257-259 S 46th St
Philadelphia, PA 19139
Walnut Hill


HIGHLIGHTS

  • Located in top school catchment (K-8)
  • Access to premier “Eds & Meds” Economy
  • Value-add Real Estate
  • Highest-growth Rental Submarket in Philadelphia

OVERVIEW

257 + 259 South 46th Street: seize the opportunity to enter Philly’s highest-growth marketplace with this value-add real estate located in the coveted PENN ALEXANDER school catchment (Blue Ribbon School Award). Two side-by-side quadplexes (8 total units) with plenty of rental upside and original charm. Each ±3000 SF 3-storey building features two (2) 2bd apartments, one (1) studio and one (1) 1bd apartment. Located on one of the most coveted, quaint streets in West Philadelphia, these assets boast tremendous curb appeal and access to the “Eds & Meds” economy which is Philadelphia’s powerhouse district for jobs, higher education (UPenn and Drexel), healthcare (Chop, Hup) and innovation (Schuylkill Yards, Science Center) — insulating investment potential for years to come with guaranteed rental demand. Located in the top-rated PENN ALEXANDER school catchment (K-8).

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

8

PRICE/UNIT

$184,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-add UPenn Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

RTA1

APN/PARCEL ID

461165100

ASK ABOUT THIS PROPERTY

Ryan McManusAgent PHLMore Info
610-606-1095

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Ryan McManusAgent PHLMore Info
610-606-1095

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