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1228 & 1230 S. 2nd St & 1231 S. Philip 3 biens • Immeuble residentiel • À vendre 1 793 727 $ CAD • Philadelphia, PA
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Faits saillants de l'investissement
- Strong Pennsport Location: Excellent Walkability, Abundant Neighborhood Amenities, and Low Turnover
- Attractive Unit Mix: 70% Two-Bedroom Units and 30% One-Bedroom Units
- Significant Rental Upside: Increase Rents 10% with Little to No Work Needed
- Strong Historical Occupancy and In-Place Cash Flow: Historically Well Occupied, with Minimal Turnover
- Low Expense Ratio: 33% Expense Ratio; Operational Efficiencies Already In-Place
- Access to Major Thoroughfares: Immediate Proximity to I-95, I-676, I-76, and S. Columbus Boulevard
Résumé de l'annonce
Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228 South 2nd Street, 1230 South 2nd Street, and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, a desirable and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand.
The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover.
As a turnkey multifamily asset in a quality location, 1228 South 2nd Street, 1230 South 2nd Street, and 1231 S. Philip Street present a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.
The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover.
As a turnkey multifamily asset in a quality location, 1228 South 2nd Street, 1230 South 2nd Street, and 1231 S. Philip Street present a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.
Faits sur la propriété
| Prix | 1 793 727 $ CAD | Nombre de propriétés | 3 |
| Prix/pi² | 318,88 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 6,30% | Taille totale du bâtiment | 5 625 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,07 AC |
| Statut | Actif |
| Prix | 1 793 727 $ CAD |
| Prix/pi² | 318,88 $ CAD / pi² |
| Taux de capitalisation | 6,30% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 3 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 5 625 pi² |
| Superficie totale du terrain | 0,07 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 1228 S 2nd St, Philadelphia, PA 19147 | Immeuble residentiel | 2 457 pi² | 1915 | - |
| 1230 S 2nd St, Philadelphia, PA 19147 | Immeuble residentiel | 1 728 pi² | 1915 | - |
| 1231 S Philip St, Philadelphia, PA 19147 | Immeuble residentiel | 1 440 pi² | 1920 | - |
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1228 & 1230 S. 2nd St & 1231 S. Philip
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