For Sale
$975,000

446 52Nd St Philadelphia, PA 19143

5-Unit Apartment Building, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property located at 446-48 S 52nd St, Philadelphia, PA 19143, presents a compelling investment opportunity. The 6,578 square foot building, constructed in 1925 and situated on a 3,425 square foot lot, boasts a desirable CMX-2 zoning designation. The three-story structure houses five units: one commercial space and four residential units (two 2-bedroom/1-bathroom and two 3-bedroom/1-bathroom apartments). Recently renovated, the property features updated kitchens, bathrooms, flooring, and building systems. All units are currently occupied at 100% occupancy, generating a strong net operating income (NOI) of $93,267, resulting in an attractive 9.50% capitalization rate. The asking price is $975,000, translating to $148.22 per square foot and $195,000 per unit. This stabilized investment, operating under a NNN lease structure, offers a compelling return for investors seeking a multi-tenant property in a vibrant Philadelphia location. The property's strong performance and recent renovations make it an ideal addition to any portfolio. The sale is offered as a For Sale By Owner transaction.

Highlights

  • $975,000 asking price for this stabilized mixed-use investment property.
  • Five-unit apartment building with 6,578 square feet, generating a 9.50% cap rate and $93,267 in net operating income (NOI).
  • Located at 446-48 S 52nd St, Philadelphia, PA 19143, on a 3,425 square foot lot.
  • Features one commercial space, two 2-bedroom/1-bathroom units, and two 3-bedroom/1-bathroom units; all units are currently 100% occupied.
  • Recently renovated with new kitchens, bathrooms, flooring, and systems. The property is a three-story building constructed in 1925 and is zoned CMX-2.

Property Details for 446 52Nd St

Property type
Retail properties, Mixed-use properties
Square Feet
6,578 SF
Year Built
1925
Buildings
1
Stories
3
Units
5

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9522182
Longitude
-75.2267829

FAQs

What type of property is this?
Retail property - 5-Unit Apartment Building, High Cap Rate
Where is the retail property located?
The property is located at 446 52Nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: $975,000 asking price for this stabilized mixed-use investment property.; Five-unit apartment building with 6,578 square feet, generating a 9.50% cap rate and $93,267 in net operating income (NOI).; Located at 446-48 S 52nd St, Philadelphia, PA 19143, on a 3,425 square foot lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
446 52Nd St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message