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Philadelphia,PA 19104
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Parkside
MLS Listing ID PAPH2488802
Year Built 1915
Annual Tax Amount $4,290
Tax Year 2025
Lot Size 1,701 Sqft
Property Sub-Type Five Or More Units
Property Description
Located in the up-and-coming Parkside section of West Philadelphia (ZIP Code 19104), this recently updated five-unit apartment building offers a prime opportunity for investors. Just a few blocks from the Philadelphia Zoo and close to Fairmount Park, this property is ideally positioned near major city attractions. Commuting is effortless, with the Centennial Village train station just five blocks away—placing you in Center City in under 15 minutes—and the SEPTA 15 and 40 trolleys less than a block from your doorstep.
Each unit features separate utilities (except water), and tenants have access to a coin operated washer and dryer in the basement. With a current cap rate of over 7% and a potential cap rate of over 14% if the new owner chooses Section 8 tenancy, this building offers outstanding current income and significant future upside. Don't miss your chance to own a well-maintained, income-generating property in a vibrant and growing neighborhood!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s),Wall Unit
Flooring Engineered Wood,Laminated
Exterior
Water Access N
Roof Type Asphalt,Flat
Building
Foundation Stone
Sewer Public Septic
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard