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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
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 - -
Walk Score ®
Very Walkable (80)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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)
  • Listing ID: 30377416

  • Date on Market: 12/15/2023

  • Last Updated:

  • Address: 1309 S 52nd St, Philadelphia, PA 19143

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