321 E Price St - Apartments FOR SALE


Philadelphia, PA 19144- East Germantown
$350,000 USD
267-236-2203
321 E Price St, Philadelphia, PA for Sale
$350,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

321 E Price St
Philadelphia, PA 19144
East Germantown


HIGHLIGHTS

  • Quite Neighborhood
  • 3 Detached Garages (Needs to be fixed)
  • 3-4 Car Driveway
  • Located in Philadelphia’s Germantown neighborhood with convenient access to public transportation and major city routes.
  • All tenants are on month-to-month leases, providing flexibility for new ownership.

OVERVIEW

Who’s looking for a income-producing 3-story, 5-unit building with a driveway and detached 3-car garage? The building is currently generating $3,200/month, not including the first-floor rear unit, which is currently vacant. This recently updated 1-bedroom, 1-bath unit has the potential to rent for $750–$900 per month. The building does require cosmetic updates and minor repairs, presenting a great value-add opportunity. All tenants are currently on month-to-month leases and have expressed interest in staying or renewing. Each unit has separate electric meters, and a hardwired fire alarm system is already in place. Additional highlights include a spacious front porch, lawn, rear yard, and a private driveway leading to a detached 3-car garage—offering even more income potential once updated. This property offers strong upside and endless potential for investors seeking steady cash flow and long-term growth. Buyer is responsible for obtaining any required resale certificates, zoning approvals, and U&O. No Longer Zoned Distress Sale As-Is Condition

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

5

PRICE/UNIT

$70,000

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

321 E Price St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RSA3

APN/PARCEL ID

591080800

ASK ABOUT THIS PROPERTY

Orlando Martinez JrQuality Real EstateMore Info
267-236-2203

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Orlando Martinez JrQuality Real EstateMore Info
267-236-2203

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