1309 S 52nd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1309 S 52nd St
5 Unit Apartment Building $1,250,000 ($250,000/Unit) 7.44% Cap Rate Philadelphia, PA 19143
Investment Highlights
- 8 years left on tax abatement (100% abated on the property assessment for full 8 years)
- In-Unit washer/dryers, security system, full kitchen appliance package, smart thermostats
- Walkable to public transportation
- Real estate taxes are minimal (less then $500/annually due to abetement)
- Close to educational and medical facilities (University of Pennsylvania, Childrens Hospital of Philadelphia, Penn Medicine University City
Executive Summary
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 7.25% cap rate. The buildings 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 stand out feature. Nearby development projects are enhancing the area's appeal and promise future appreciation for savvy investors. Its 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.
Property Facts
Price | $1,250,000 | Apartment Style | Mid Rise |
Price Per Unit | $250,000 | Building Class | B |
Sale Type | Investment | Lot Size | 0.05 AC |
Cap Rate | 7.44% | Building Size | 6,800 SF |
No. Units | 5 | No. Stories | 4 |
Property Type | Multifamily | Year Built | 2021 |
Property Subtype | Apartment |
Price | $1,250,000 |
Price Per Unit | $250,000 |
Sale Type | Investment |
Cap Rate | 7.44% |
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.05 AC |
Building Size | 6,800 SF |
No. Stories | 4 |
Year Built | 2021 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+2 | 5 | - | - |
1 of 1
Walk Score ®
Very Walkable (80)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
Parcel Number | 881000805 | Improvements Assessment | $0 |
Land Assessment | $60,400 | Total Assessment | $60,400 |
PROPERTY TAXES
Parcel Number
881000805
Land Assessment
$60,400
Improvements Assessment
$0
Total Assessment
$60,400
zoning
Zoning Code | RM1 (Multi-Family) |
RM1 (Multi-Family) |
1 of 48
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1309 S 52nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.