142 N 21st St
Multifamily | 4.49% CAP | 6 Units
Marketing description
Rare opportunity to own a sixplex in Logan Square! Nestled in Philadelphia's popular Logan Square neighborhood, 142 North 21st Street offers an exceptional opportunity for investors and owner-occupants alike. This 6-unit multifamily apartment building boasts a generous 3,143 square feet of living space on a 2,119 square foot lot with four one-bedroom units and two studio apartments. The building captures the architectural integrity that is increasingly rare amidst the city's modern developments, with 8-foot high ceilings and a full basement. The units are spacious and airy with tall bay windows. There is ample room for customization or enhancement in the future. Some apartments feature updated kitchens with gas range ovens, garbage disposals, and modern touches. Other notable elements include exposed brick, ceiling fans, wall unit A/C, and built-ins. The private yard invites outdoor relaxation, while the shared laundry is a convenient option for tenants.
Location: Logan Square ranks as the #7 best overall neighborhood in Philadelphia and is the #4 locations for young professionals in the area. Logan Square is renowned for its outstanding walkability and transit scores, earning a "Walker's Paradise" rating with a WalkScore of 97 and a "Rider's Paradise" TransitScore of 100. This apartment building's central location provides easy access to the Franklin Institute, Rittenhouse Square, Logan Square, the Art Museum and Kelly Drive. This investment property offers a unique opportunity to own a piece of one of Philadelphia's most dynamic and desirable neighborhoods.
Investment property notes: This building is a great rental investment with a significant potential for value add should the new owner decide to update a few units. There is strong rental demand in the neighborhood. The basement storage lockers/cages are available for all tenants. Yard is included with Apt 1-R. Parking is street-only. Rent Roll available upon request (current rents are lower than market). Tenants pay heat (electric baseboard), gas (stove), and electricity. The owner pays for water, sewer and trash. Separate meters for all apartments. Get in touch for the full list of rental information and fees
Investment highlights
- Rare opportunity to own a sixplex in Logan Square
- 6-unit multifamily apartment building with 3,143 square feet of living space
- Four one-bedroom units and two studio apartments
- 8-foot high ceilings and a full basement
- Some apartments feature updated kitchens with gas range ovens, garbage disposals, and modern touches
- Exposed brick, ceiling fans, wall unit A/C, and built-ins
- Private yard and shared laundry
- Logan Square ranks as the #7 best overall neighborhood in Philadelphia
- #4 location for young professionals in the area
- WalkScore of 97 and TransitScore of 100
- Easy access to the Franklin Institute, Rittenhouse Square, Logan Square, the Art Museum and Kelly Drive
- Great rental investment with significant potential for value add
- Strong rental demand in the neighborhood
- Current rents are lower than market
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