446-448 S 52nd St
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446-448 S 52nd St
5 Unit Apartment Building $975,000 ($195,000/Unit) Philadelphia, PA 19143
Investment Highlights
- The property was recently renovated featuring new kitchens, bathrooms, flooring, and systems
- West Philadelphia stretches from the western edge of the city along the Schuylkill River
- Cobbs Creek is a vibrant neighborhood located in West Philadelphia that provides a perfect blend of tranquility, cultural diversity.
- Being offered at a 9.5% Cap rate the site presents a great opportunity for an array of investors.
- The neighborhood has amazing access tp public transportation allowing residents to easily commute to and from center city
- Located along the bustling corridor of 52nd and Cedar Streets, Cobbs Creek is home to an array of restaurants, shops, and local businesses.
Executive Summary
446-48 S. 52nd St. is an excellent, stabilized investment opportunity. This corner mixed-use property features (1) commercial space, (2) 2 bed/ 1 bath units, and (2) 3 bed/ 1 bath units. The property was recently renovated featuring new kitchens, bathrooms, flooring, and systems. All units are self-contained. Being offered at a 9.5% Cap rate the site presents a great opportunity for an array of investors.
Property Facts
| Price | $975,000 | Apartment Style | Low Rise |
| Price Per Unit | $195,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,406 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment |
| Price | $975,000 |
| Price Per Unit | $195,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.05 AC |
| Building Size | 3,406 SF |
| No. Stories | 3 |
| Year Built | 1925 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 871254750 | Improvements Assessment | $199,200 |
| Land Assessment | $49,800 | Total Assessment | $249,000 |
PROPERTY TAXES
Parcel Number
871254750
Land Assessment
$49,800
Improvements Assessment
$199,200
Total Assessment
$249,000
zoning
| Zoning Code | CMX-2 (primarily intended to accommodate neighborhood-serving retail and service uses) |
| CMX-2 (primarily intended to accommodate neighborhood-serving retail and service uses) |
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446-448 S 52nd St
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