274 S 58th St - Apartments FOR SALE


Philadelphia, PA 19139- Cobbs Creek
$885,000 USD
610-520-0100
274 S 58th St, Philadelphia, PA for Sale
$885,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

274 S 58th St
Philadelphia, PA 19139
Cobbs Creek


OVERVIEW

Welcome to 274-276 St in bustling Cobbs Creek! This fully renovated 6-unit apartment building offers an exceptional investment opportunity in the thriving Cobbs Creek neighborhood. Built in 1925 and renovated in 2021, the property features six modern two-bedroom apartments, each designed with comfortable layouts and contemporary finishes that are sure to attract renters seeking stylish and functional living spaces. Adding laundry facilities, whether in-unit or coin-operated in the basement, provides a clear opportunity to further enhance tenant satisfaction and increase rental income. Additionally, the property is located just four blocks from SEPTA’s Market-Frankford Line, offering convenient access to the rest of Philadelphia. This property is situated in an area experiencing increased demand, with growing interest from renters seeking a vibrant community. Investors will benefit from the property’s prime location near local shops, parks, and amenities, making it an appealing choice for tenants and ensuring long-term investment security. Furthermore, the property is an excellent candidate for PHA/Section 8 vouchers. Please complete your independent due diligence around this. With its modern features, strong rental market, and long-term equity growth potential, this property is a valuable addition to any investor’s portfolio. Don't miss the chance to capitalize on this opportunity in the heart of West Philly!

FOR SALE DETAILS

PRICE

$885,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

6

PRICE/UNIT

$147,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

RM1

APN/PARCEL ID

881428320

ASK ABOUT THIS PROPERTY

Mike McCannMcCann CommercialMore Info
610-520-0100

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Mike McCannMcCann CommercialMore Info
610-520-0100

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