1309 S 52nd St - Apartments FOR SALE


Philadelphia, PA 19143- West Philadelphia
$1,250,000 USD
267-353-4123
1309 S 52nd St, Philadelphia, PA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/47
null | 7.44% Cap Rate

1309 S 52nd St
Philadelphia, PA 19143
West Philadelphia


HIGHLIGHTS

  • 8 years left on tax abatement (100% abated on the property assessment for full 8 years)
  • Real estate taxes are minimal (less then $500/annually due to abetement)
  • In-Unit washer/dryers, security system, full kitchen appliance package, smart thermostats
  • Close to educational and medical facilities (University of Pennsylvania, Childrens Hospital of Philadelphia, Penn Medicine University City
  • Walkable to public transportation

OVERVIEW

Welcome to 1309 S 52nd St., a prime multifamily investment opportunity nestled in the heart of Philadelphia's vibrant and rapidly developing 19143 area. This impressive property represents a rare chance to acquire a meticulously maintained multi-family building boasting 5 spacious residential units, each featuring 2 bedrooms and 2 full bathrooms, making it an ideal investment for both seasoned and budding real estate investors. Offered at a 7.25% cap rate. The buildings exterior exudes classic charm and is complemented by a well-manicured facade, offering exceptional curb appeal. Each of the 5 units has been thoughtfully designed to provide a comfortable and modern living environment, ensuring a high level of desirability among potential tenants. The open floor plans, abundant natural light, and contemporary finishes creating an inviting atmosphere, while the inclusion of two full bathrooms per unit adds an extra layer of convenience and luxury. All units come with a full appliance package, in-unit washer-dryers, built in surround sound speakers, security systems. In addition to the property's undeniable appeal, the location itself is a stand out feature. Nearby development projects are enhancing the area's appeal and promise future appreciation for savvy investors. Its also very close to many educational and medical facilities, including but not limited to: Penn Medicine University City, Childrens Hospital of Philadelphia, University of Pennsylvania. With its strategic location, well-appointed units, and strong rental potential, 1309 S 52nd St, represents a compelling opportunity for investors seeking a multi-family property with enduring value and significant growth potential. Dont miss your chance to own a piece of this dynamic and evolving neighborhood while securing a solid return on investment. 8 years left on the tax abatement and 4 of the 5 units are already rented. Contact us to schedule a tour and request financials.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

7.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,291 SF

ZONING

RM1

APN/PARCEL ID

511195800

ASK ABOUT THIS PROPERTY

Bob KiziroglouLong & Foster Real Estate, Inc.More Info
267-353-4123

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Bob KiziroglouLong & Foster Real Estate, Inc.More Info
267-353-4123

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