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Listed by Ryan McManus • Keller Williams Liberty Place
$ 1,400,000
Est. payment | /mo
1,984 Sqft Lot
$ 1,400,000
Est. payment | /mo
1,984 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Point Breeze
MLS Listing ID PAPH2547390
Year Built 2021
Annual Tax Amount $1,781
Tax Year 2025
Lot Size 1,984 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
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.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881000361
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations