3401 Wallace St - Multi-Family FOR SALE


Philadelphia, PA 19104- Mantua
$4,700,000 USD
267-205-1369
3401 Wallace St, Philadelphia, PA for Sale
$4,700,000 USD
Multi-Family - FOR SALE
1/43
null | 6.26% Cap Rate

3401 Wallace St
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • Assumable loan of $3.1M at 3.8% Until 2031
  • 8 years left in full tax abatement with taxes at $2,600 annually only.
  • Turneky Newer construction with low maintenance
  • University city and Drexel university housing
  • Full management in place already with 1st year for free

OVERVIEW

12 units new construction with assumable loan of $3.1M at 3.85% until 2031. 8 years left in full tax abatement. Offered with full management in place. Featuring 12 modern with 1bed/1bath ratio and large units with balconies, bi-level units, roofdeck and modern finishes. Great cash flow with low maintenance. Contact me for the P&L and more infos.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

12

PRICE/UNIT

$391,667

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

886552100

ASK ABOUT THIS PROPERTY

Reda AkbilCompass CommercialMore Info
267-205-1369

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Reda AkbilCompass CommercialMore Info
267-205-1369

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