4304 Cresson St - Multi-Family FOR SALE


Philadelphia, PA 19127- Manayunk
$5,000,000 USD
215-692-3107
4304 Cresson St, Philadelphia, PA for Sale
$5,000,000 USD
Multi-Family - FOR SALE
1/13
null | 6.15% Cap Rate

4304 Cresson St
Philadelphia, PA 19127
Manayunk


HIGHLIGHTS

  • Shared roof deck
  • Amazon locker in lobby
  • BEC alarm panels in each unit
  • Garage/covered parking

OVERVIEW

4304 Cresson Street (a.k.a The Trestle Apartments) presents a rare opportunity to acquire a turnkey, 18-unit apartment building with 1:1 covered parking one block from Manayunk’s vibrant commercial corridor, in the heart of one of Philadelphia’s most supply-constrained and renter-driven sub-markets. Constructed in 2016, the property offers investors modern construction, strong in-place amenities, and minimal near-term capital expenditure requirements. The property has assumable debt at 3.43% interest rate with 5 years remaining on the term. Inquire for details. The asset features a well-designed unit mix of 1, 2, and 3 bedroom units, each with in-unit washer and dryers, private balconies, and modern kitchens equipped with microwaves, dishwashers, and central air conditioning. Residents benefit from multiple common areas, including an interior shared courtyard and a shared roof deck, enhancing tenant retention and rental appeal. Additional building amenities include a garage and covered parking, a highly sought-after feature in Manayunk, as well as an Amazon locker system in the lobby for secure package delivery. Each unit is equipped with BEC alarm panels, providing an added layer of security and operational efficiency. Located just steps from Main Street Manayunk, public transit, and regional trail systems, 4304 Cresson Street combines walkability, modern construction, and strong rental demand. 4304 Cresson Street is ideally suited for investors seeking a stable, low-maintenance multifamily asset in a proven Philadelphia sub-market.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

18

PRICE/UNIT

$277,778

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Trestle Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,578 SF

ZONING

CMX-2.5

APN/PARCEL ID

881130012

ASK ABOUT THIS PROPERTY

Samantha MillerMPN RealtyMore Info
215-692-3107

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Samantha MillerMPN RealtyMore Info
215-692-3107

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