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274 S 58th St
Philadelphia, PA 19139
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
| Price Per Unit | $229,164 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 6 | Building Size | 8,606 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price Per Unit | $229,164 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,606 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 881428320 | Improvements Assessment | $628,596 CAD |
| Land Assessment | $69,844 CAD | Total Assessment | $698,440 CAD |
PROPERTY TAXES
Parcel Number
881428320
Land Assessment
$69,844 CAD
Improvements Assessment
$628,596 CAD
Total Assessment
$698,440 CAD
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