2937 Page St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$1,190,000 USD
2937 Page St, Philadelphia, PA for Sale
$1,190,000 USD
Apartments - FOR SALE
1/7
null | 7% Cap Rate

2937 Page St
Philadelphia, PA 19121
North Philadelphia West


OVERVIEW

We are pleased to present the opportunity to acquire a turnkey, stabilized multifamily asset on a 7.0% proforma cap rate in North Philadelphia West, featuring 5 spacious residential units and a full 10-year tax abatement. Acquire this high-quality, low-maintenance, new-construction property just completed in Q3 2024. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia West (19121) submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

5

PRICE/UNIT

$238,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2937 Page St, Philadelphia, PA 19121

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

-

APN/PARCEL ID

323094700

ASK ABOUT THIS PROPERTY

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