1947 N 33rd St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$1,475,000 USD
215-315-3326
1947 N 33rd St, Philadelphia, PA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1947 N 33rd St
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • Five Spacious Units in a Fairmount Park-Front, Corner Building with Balconies & Roof Deck
  • Fully-Stabilized, New Construction 7.0% Cap Rate with Full Tax Abatement
  • Desirable Mix of Two and Three-Beds with Average Unit Size +/-1380 Square Feet
  • Well-Located in a Rapidly-Emerging Philadelphia Submarket

OVERVIEW

1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

15

PRICE/UNIT

$98,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,315 SF

ZONING

RM1

APN/PARCEL ID

881000970

ASK ABOUT THIS PROPERTY

Samantha MillerSelect Commercial AdvisorsMore Info
215-315-3326

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Samantha MillerSelect Commercial AdvisorsMore Info
215-315-3326

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