330 S 4th St - Apartments FOR SALE


Philadelphia, PA 19106- Society Hill
$1,500,000 USD
215-607-3535
330 S 4th St, Philadelphia, PA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/89
null | Request Cap Rate

330 S 4th St
Philadelphia, PA 19106
Society Hill


HIGHLIGHTS

  • Turnkey 6-Unit Apartment Building 4/6 Units Currently Occupied Perfect for Investors ??
  • Has Active Rental License for 6 Units The Property Currently Grosses $6,008/Month Most Leases Renew Automatically with a 3% Increase ??
  • Well-Maintained Units All One-Bedroom Units Share Coin-Operated Washers & Dryers in the Basement. The 2 Bed, 2 Bath Unit Has its Own Washer & Dryer!
  • Located in Historic Society Hill Known for Quaint Brick Sidewalks, Cobblestone Alleys & Preserved Architecture ???
  • On-Site Laundry Available in the Basement ?? ** Unit 3A has their own Washer & Dryer
  • MAJOR BONUS: SOLAR PANELS ON THE ROOF, ENHANCING ENERGY EFFICIENCY AND REDUCING ELECTRIC COSTS.

OVERVIEW

Prime Investment Opportunity in Society Hill! This turnkey 6-unit apartment building is extremely well maintained and is a perfect opportunity for investor’s looking to buy in the neighborhood and add more units to their rental portfolio. Four out of the six units are currently occupied and the seller is in the process of renting the two vacant units out. The six apartments are made up of (5) 1 bed 1 bath units and (1) 2 bed 2 bath unit. Unit 3A has 2 beds and 2 baths. With stable rental income, fantastic growth potential, and desirable amenities, this property is a rare find. The building is currently grossing $6,008/month from the occupied units. Once the two vacant units are occupied the income potential can reach $8,758/month. The tenants pay all utilities other than water, the seller covers the water. Each unit is fabulously maintained with hardwood floors throughout, well appointed kitchens with marble counter tops, historically tiled bathrooms, and ceiling fans in the living room and bedrooms for comfort and convenience. Each unit is heated by electric baseboard heating and has window units for cooling. Tenants also have access to on-site laundry which is located in the basement. Unit 3A has their own in unit laundry. Also in the basement is even more storage space which for the tenants to put their bikes and other items. Nestled in one of Philadelphia’s most historic and picturesque neighborhoods, Society Hill is celebrated for its quaint brick sidewalks, charming cobblestone alleys, and beautifully preserved architecture, offering a timeless appeal that attracts residents and investors alike. The property is also located just steps away from an Acme and CVS, there are bus stops on each corner adjacent to the property, and tons of amenities the neighbor hood has to offer. MAJOR BONUS: SOLAR PANELS ON THE ROOF, ENHANCING ENERGY EFFICIENCY AND REDUCING ELECTRIC COSTS.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1800

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

RSA5

APN/PARCEL ID

881500600

ASK ABOUT THIS PROPERTY

Maria QuattroneRE/MAXMore Info
215-607-3535

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Maria QuattroneRE/MAXMore Info
215-607-3535

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