601 N 39th St - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19104- Mantua
$725,000 USD
215-608-3734
601 N 39th St, Philadelphia, PA for Sale
$725,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6.61% Cap Rate

601 N 39th St
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • MIXED-USE CONFIGURATION - Two residential units and one commercial unit provide income diversification.
  • MODERN CONSTRUCTION - Built in 2020, limiting near-term capital expenditure requirements.
  • EFFICIENT EXPENSE ASSUMPTIONS-Pro forma expenses estimated at 22.7% of EGI, in line with comparable assets.
  • FULLY VACANT ASSET-Delivered vacant, allowing for immediate lease-up and repositioning.
  • PRO FORMA INCOME PROFILE-Financial metrics reflect market-based assumptions and projected stabilized performance
  • PRIME WEST PHILADELPHIA LOCATION-Proximity to universities, employment centers, and public transportation.

OVERVIEW

601 N 39th Street, a fully vacant mixed-use multifamily property located in Philadelphia, PA 19104. The property consists of three units totaling approximately 3, 600 rentable square feet, including two three-bedroom apartments and one ground-floor commercial space on the corner of 39th street and Haverford Ave. The asset is being offered vacant, providing an investor with immediate control over leasing strategy, tenant mix, and rental positioning. All income, expense, and return metrics presented herein are pro forma and based on market-supported assumptions. At the price of $725,000, the property is projected to generate a pro forma Net Operating Income of approximately $46,284, representing a projected cap rate of 6.38% upon stabilization.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,137 SF

ZONING

CMX1

APN/PARCEL ID

871603060

ASK ABOUT THIS PROPERTY

Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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