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1735 S 23rd St
Philadelphia, PA 19145
POINT BREEZE 5PLEX · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- TURNKEY APARTMENT BUILDING
- COVETED NEIGHBORHOOD IN PHILLY
- HIGH-DEMAND REAL ESTATE
- 10YR TAX ABATEMENT
- TOP 10 USA MSA
- BOUTIQUE MULTIFAMILY PROPERTY
EXECUTIVE SUMMARY
This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.65% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.
PROPERTY FACTS
| Price Per Unit | $390,858 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.65% | Building Size | 8,653 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Mid-Rise | ||
| Zoning | RM1 | ||
| Price Per Unit | $390,858 CAD |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,653 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2021 |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 1 | - | - |
| 3+3 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 888000361 | Improvements Assessment | $512,117 CAD |
| Land Assessment | $90,316 CAD | Total Assessment | $602,433 CAD |
PROPERTY TAXES
Parcel Number
888000361
Land Assessment
$90,316 CAD
Improvements Assessment
$512,117 CAD
Total Assessment
$602,433 CAD
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