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321 E Price St 321 E Price St 5 Unit Apartment Building $476,178 CAD ($95,236 CAD/Unit) Philadelphia, PA 19144
Investment Highlights
- Quite Neighborhood
- 3-4 Car Driveway
- All tenants are on month-to-month leases, providing flexibility for new ownership.
- 3 Detached Garages (Needs to be fixed)
- Located in Philadelphia’s Germantown neighborhood with convenient access to public transportation and major city routes.
Executive Summary
Who’s looking for a income-producing 3-story, 5-unit building with a driveway and detached 3-car garage? The building is currently generating $3,200/month, not including the first-floor rear unit, which is currently vacant. This recently updated 1-bedroom, 1-bath unit has the potential to rent for $750–$900 per month. The building does require cosmetic updates and minor repairs, presenting a great value-add opportunity. All tenants are currently on month-to-month leases and have expressed interest in staying or renewing. Each unit has separate electric meters, and a hardwired fire alarm system is already in place. Additional highlights include a spacious front porch, lawn, rear yard, and a private driveway leading to a detached 3-car garage—offering even more income potential once updated. This property offers strong upside and endless potential for investors seeking steady cash flow and long-term growth. Buyer is responsible for obtaining any required resale certificates, zoning approvals, and U&O. No Longer Zoned Distress Sale As-Is Condition
Property Facts
| Price | $476,178 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $95,236 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 10,931 SF |
| Sale Condition | Distress Sale | Average Occupancy | 99% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RSA3 - Buyer is responsible for obtaining any required resale certificates, zoning approvals, and U&O. No Longer Zoned Distress Sale As-Is Condition. | ||
| Price | $476,178 CAD |
| Price Per Unit | $95,236 CAD |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 10,931 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | RSA3 - Buyer is responsible for obtaining any required resale certificates, zoning approvals, and U&O. No Longer Zoned Distress Sale As-Is Condition. |
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Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 591080800 | Improvements Assessment | $437,307 CAD |
| Land Assessment | $109,327 CAD | Total Assessment | $546,633 CAD |
Property Taxes
Parcel Number
591080800
Land Assessment
$109,327 CAD
Improvements Assessment
$437,307 CAD
Total Assessment
$546,633 CAD
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