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1228-1230 South 2nd Street 2 biens • Immeuble residentiel • À vendre 1 796 015 $ 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 (aka 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 $1,468. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,550 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, 1228-1230 South 2nd Street presents 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 $1,468. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,550 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, 1228-1230 South 2nd Street presents 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 | 1 796 015 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 394,56 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 6,30% | Taille totale du bâtiment | 4 552 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,05 AC |
| Statut | Actif |
| Prix | 1 796 015 $ CAD |
| Prix/pi² | 394,56 $ CAD / pi² |
| Taux de capitalisation | 6,30% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 4 552 pi² |
| Superficie totale du terrain | 0,05 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 1228-30 S 2nd st, Philadelphia, PA 19147 | Immeuble residentiel | 3 112 pi² | 1915 | - |
| 1231 S Philip St, Philadelphia, PA 19147 | Immeuble residentiel | 1 440 pi² | 1920 | - |
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1228-1230 South 2nd Street
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