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31848259
31848260

2-8 South 46th Street, Philadelphia, PA 19139 For Sale

MPN Realty, Inc.
Listed by MPN Realty, Inc.
$2,800,000
86 days on market
Updated 37 days ago
Opportunity zone

2-8 South 46th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,250
Units 13
Cap Rate 5.29%
NOI $148,097
Tenancy Multi
Price per SqFt $249
Class C
Year Built 1930
Buildings 1
Lot Size (SqFt) 5,609
Zoning RM-1
Investment Type Value Add

13 Unit Multi-Family Property in University City

Marketing description

MPN Realty is pleased to present the exclusive sale of 2-8 S 46th St., a 13-unit apartment building located at the highly trafficked corner of S 46th St. and Market St. in University City. The property presents a fantastic investment opportunity with (13) 2 bedroom/ 1 bath units, all of which are self contained. The property does present a value-add opportunity, as with some upgrades/ improvements, there is potential to increase rents. The seller has owned the property for over 15 years, and has had stellar rental history throughout their ownership. The property is very well located in University City, making this an ideal location for students from UPenn and Drexel.

Investment highlights

Hard-wired Smoke and Fire System

Coin-op W/D in Basement

Some Units have Private Balconies/Decks

Listing Contacts

MPN Realty, Inc.
Listed by MPN Realty, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$148,097.00
$12,341.42/mo

Valuation Metrics

0
DSCR
5.29%
Cap Rate
5.29%
ROI

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