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Listed by Haralabos Kiziroglou • Long & Foster Real Estate, Inc.

$1,250,000

Est. payment - /mo

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7,200 SqFt

New

1309 S 52ND ST Philadelphia, PA 19143

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Jonathan Greene

jonathan@trustgreene.com +1(973) 873-0734

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $173

Subdivision West Philadelphia

MLS Listing ID PAPH2483224

Year Built 2023

Annual Tax Amount $493

Tax Year 2024

Lot Size 2,040 Sqft

Acres 0.05

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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. 7 years left on the tax abatement and the building is 100% stabilized as all 5 units are rented. Contact us to schedule a tour and request financials.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning NA

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Level Entry - Main

Garage N

Building

Foundation Permanent

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 511195800

Ownership Fee Simple

SqFt Source Estimated

Security Features Electric Alarm,Intercom

Special Listing Condition Standard

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Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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1309 S 52ND ST Philadelphia, PA 19143

Jonathan Greene

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1309 S 52ND ST