$1,187,000
$1,321,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
3,400 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $1,187,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $349
Subdivision Spruce Hill
MLS Listing ID PAPH2425752
Sold Date 11/01/24
Originating Board BRIGHT
Year Built 2024
Annual Tax Amount $2,774
Tax Year 2023
Lot Size 2,094 Sqft
Acres 0.05
Property Description
Welcome to 230 S 46th Street - An amazing investment opportunity in Spruce Hill. Step into luxury living with this newly developed FIVE unit building consisting of 1- 2bd/1ba, 1 - 3bd/2ba, 2 - studios, 1 - 2bd/2ba, and 1 OFF STREET PARKING SPOT. This building has been gutted to the studs with BRAND NEW plumbing electric, sprinkler system, and HVAC. Crafted with precision, designed for comfort, each unit offers a blend of modern elegance and timeless charm. Private rear shared outdoor space perfect for entertaining or relaxing.
7.38 Cap Rate!!!
Units Features - Spacious floor plans bathed in natural light, Gourmet kitchens equipped with state-of-the-art Samsung appliances and sleek countertops, and luxurious bathrooms boasting spa-like amenities with exquisite finishes
Current rent roll
2bd/2ba $1993
3bd/2ba $2500
Studio $1310
Studio $1310
2bd/1ba Projected $1800
$108,156 Annual Rent
7.38 CAP!!
$97,382 NOI
Low operating expenses - Approved Tax abatement with brand new mechanical systems.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling None
Heat Source Electric
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 461174900
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Mark Benevento II • Hightop Real Estate LLC
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”