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1735 S 23rd St, Philadelphia, PA 19145

$1,400,000

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List Price: $1,400,000
Status: ACTIVE
Days on Market: 363
Price Change: ▼ $90,000 1764704120
MLS#: PAPH2547390
Subtype: Commercial Sale
Year Built: 2021
Lot Size: 1,984
Acres: 0.05
Subdivision: Point Breeze
MLS Area Major: 19145 (19145)

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Property Description

This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.65% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.

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Additional Information

Taxes: $1,781
Zoning: RM1
Heating: Central
Air Conditioning: Central Air
Foundation: Concrete Perimeter
School District: Philadelphia City