5,460 Sqft Lot
5,460 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2659404
Year Built 2023
Annual Tax Amount $393
Tax Year 2019
Lot Size 5,460 Sqft
Acres 0.13
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Built in 2023, the property offers investors modern construction, immediate cash flow, and approximately seven years remaining on Philadelphia's original 10-year tax abatement, providing significant long-term tax savings.
Investment Highlights:
-28-Unit Multifamily Asset
-In-Place NOI: $322,921
-Built in 2023
-Approximately 7 Years Remaining on the Original 10-Year Tax Abatement
-Directly Overlooking Fairmount Park
-Prime Parkside Location Near University City & Center City
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 062222605
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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