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14049590
14049591

1309 S 52nd St, Philadelphia, PA 19143

BK
PA PA RS 337549
Bob Kiziroglou
Listed by Bob Kiziroglou
$1,250,000
907 days on market
Updated 112 days ago

1309 S 52nd St (University City | West Philadelphia)

Details
Property Type Multifamily
Sub Type Apartment Building
Units 5
Cap Rate 7.44%
NOI $92,962
Broker Co-Op Yes
Class A
Year Built 2021
Year Renovated Ground Up New Construction
Zoning Multi-Family

Philadelphia Multi-Family Investment Opportunity: New Construction 7.44% Cap

Marketing description

Welcome to 1309 S 52nd St., a prime multifamily investment opportunity nestled in the heart of Philadelphia's vibrant and rapidly developing 19143 area. This impressive property represents a rare chance to acquire a meticulously maintained multi-family building boasting 5 spacious residential units, each featuring 2 bedrooms and 2 full bathrooms, making it an ideal investment for both seasoned and budding real estate investors. Offered at a 7.44% cap rate. The building's exterior exudes classic charm and is complemented by a well-manicured facade, offering exceptional curb appeal. Each of the 5 units has been thoughtfully designed to provide a comfortable and modern living environment, ensuring a high level of desirability among potential tenants. The open floor plans, abundant natural light, and contemporary finishes creating an inviting atmosphere, while the inclusion of two full bathrooms per unit adds an extra layer of convenience and luxury. All units come with a full appliance package, in-unit washer-dryers, built in surround sound speakers, security systems. In addition to the property's undeniable appeal, the location itself is a standout feature. Nearby development projects are enhancing the area's appeal and promise future appreciation for savvy investors. It's also very close to many educational and medical facilities, including but not limited to: Penn Medicine University City, Childrens Hospital of Philadelphia, University of Pennsylvania. With its strategic location, well-appointed units, and strong rental potential, 1309 S 52nd St, represents a compelling opportunity for investors seeking a multi-family property with enduring value and significant growth potential. Dont miss your chance to own a piece of this dynamic and evolving neighborhood while securing a solid return on investment. 8 years left on the tax abatement and 4 of the 5 units are already rented. Contact us to schedule a tour and request financials.

Investment highlights

  • 8 years left on tax abatement (100% abated on the property assessment for the full 8 years

  • Low real estate taxes due to abatement in place (less the $500/annually)

  • Offered at a 7.25% cap rate

  • 4 of 5 units are rented (in the process of renting available unit)

  • Full appliance package, in-unit washer/dryers, security system, built in surround sound speaker system, smart thermostat

  • Close to medical and educational facilities (Penn Medicine University City, Childrens Hospital of Philadelphia (CHOP), University of Pennsylvania, etc

Listing Contacts

BK
PA PA RS 337549
Bob Kiziroglou
Listed by Bob Kiziroglou

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,962.00
$7,746.83/mo

Valuation Metrics

0
DSCR
7.44%
Cap Rate
7.44%
ROI

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Additional Information

Name
Bob Kiziroglou
License
PA RS 337549
Brokerage
Long & Foster Real Estate
Brokerage Phone
267-353-4123
Brokerage Address
1030 North American Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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