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Philadelphia,PA 19128
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Roxborough
MLS Listing ID PAPH2560824
Year Built 1930
Annual Tax Amount $6,598
Tax Year 2024
Lot Size 5,000 Sqft
Acres 0.11
Lot Dimensions 50.00 x 100.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Agent PHL is pleased to introduce The Roxborough Package to market. With two (2) buildings and ten (10) units within one (1) city block, this multifamily package offers a prime real estate investment opportunity in an exceptional location (Northwest Philly) surging with rental demand based on current lifestyle shifts and demographic trends. This professionally-managed/owned portfolio consists of ±8,470 SF total. The apartments are a mixture of 1&2-bedroom units, each with its own unique design/layout. Apartment building features include private parking, front porches, private entrances and stylishly renovated units as well as units with value-add rental upside for investors. These buildings provide an ideal entry point for investors in a Top-10 USA MSA in a local submarket with high-barriers-to-entry in an idyllic "city-suburban" setting known for its accessibility, versatility and proximity to both the city and the suburbs. Pro forma cap rate = 7.4%. Price per unit = $177K. Price per square foot = $208. Easily accessible from all major roadways and transportation arteries, there is no shortage of nearby amenities and attractions — including Wissahickon Valley Park, The Schuylkill River Trail and the shopping/dining districts of Main Street Manayunk, Ridge Avenue, East Falls Borough and Bala Cynwyd (The Main Line). Top-rated Jefferson University, Germantown Friends School and William Penn Charter School are also nearby. The buildings can be purchased individually or as a package, offering acquisition flexibility. Enquire within for financials.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RSD3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Luxury Vinyl Plank
Heat Source Electric
Exterior
Garage Spaces 5.0
Water Access N
View City
Accessibility None
Total Parking Spaces 5
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881079020
Ownership Fee Simple
Special Listing Condition Standard