3837 Wallace St | Philadelphia, PA 19104
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- LoopNet Team
3837 Wallace St
Philadelphia, PA 19104
Wallace Street Lofts · Multifamily Property For Sale · 30 Units
Investment Highlights
- 30 New Construction Units within Walking Distance of Drexel, Penn, 30th Street Station
- 100% Occupancy Expected by Mid-Summer
- Located in a Qualified Opportunity Zone
- 6.25%+ Actual Cap Rate for First Year Post-Closing
- Full 10-Year Tax Abatement
PROPERTY FACTS
| No. Units | 30 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 16,024 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2023 |
| Building Class | B |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 16,024 SF |
| No. Stories | 3 |
| Year Built | 2023 |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $1,332 | 500 |
| 1+1.5 | 1 | $1,500 | 850 |
| 1+2 | 9 | $1,427 | 850 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $285,600 | Total Assessment | $285,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$285,600
Improvements Assessment
$0
Total Assessment
$285,600
zoning
| Zoning Code | RSA5 |
| RSA5 |
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