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21382554
21382555

2809 S Warnock St, Philadelphia, PA 19148 For Sale

NG
Pennsylvania & 7839215
Nicholas Gentile
Listed by Nicholas Gentile
$3,500,000
537 days on market
Updated 114 days ago

2809 S. Warnock Street

Details
APN 884463790
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,378
Net Rentable (SqFt) 9,000
Units 12
Cap Rate 7.45%
NOI $260,848
Pro-Forma Cap Rate 7.45%
Pro-Forma NOI $260,848
Price per SqFt $337
Broker Co-Op No
Class A
Year Built 2025
Buildings 1
Stories 4
Acreage 0.120
Zoning RM1
Parking Spaces 6 spaces
Parking per 1,000 SqFt 0.58
Investment Type Stabilized
Occupancy Date 03/31/2025
Ownership Fee Simple

Multifamily | 12 Units | $291,667/unit

Marketing description

  • NG Property Group is pleased to present the exclusive opportunity to acquire to 2809 S. Warnock Street, a multi-family building comprised of 12 new construction apartments ( 11) 1BD/1BA & ( 1) 3BR/3BA units ideally located in the heart of Packer Park area by the Stadium in South Philadelphia, PA. With excellent proximity to shopping, entertainment districts and restaurants, this community is an attractive destination for sports fanatics, business trips and urban young professionals making it a unique opportunity for short-and long-term rentals alike. There are 6 Garage parking spots available for residents and giant wrap around community roof deck that overlooks Stadiums & into Center City with unobstructed views. 10 year tax abatement. Tenants pay all utilties electric & monthly water fee. Incredibly opportunity in one of the best neighborhoods in Philadelphia to acquire brand new professionally managed new construction apartment building.


Investment highlights

  • - 10 Year Tax Abatement
    - 6 Garage Parking Spots
    - Community Roof Deck
    - Oversized 1br/1ba & 3br/3ba units with condo quality finishes
    - Located in the heart of Packer Park area by the stadiums, close to Navy yard and easy access into Center City.

Listing Contacts

NG
Pennsylvania & 7839215
Nicholas Gentile
Listed by Nicholas Gentile

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$260,848.00
$21,737.33/mo

Valuation Metrics

0
DSCR
7.45%
Cap Rate
7.45%
ROI

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