1309 52Nd StPhiladelphia, PA 19143

Property Details for 1309 52Nd St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

3,240 SF

Zone code

CMX2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-2083-50

APU

871208350

Description

This exceptional Class A, 5-unit apartment building in Philadelphia's University City (19143 zip code) presents a compelling investment opportunity. Built in 2021 as ground-up new construction, this property boasts a 7.44% cap rate and a strong NOI of $92,962. Each of the five units features two bedrooms and two full bathrooms, complete with a full appliance package, in-unit washer/dryer, built-in surround sound, and security systems. Four of the five units are currently rented. The property benefits from an eight-year remaining tax abatement, significantly reducing annual real estate taxes (less than $500 annually). Its prime location near Penn Medicine University City, Children's Hospital of Philadelphia, and the University of Pennsylvania ensures high occupancy and strong rental demand. The meticulously maintained building offers classic charm and exceptional curb appeal. The open floor plans, abundant natural light, and contemporary finishes create an inviting atmosphere for tenants. This multi-family investment offers enduring value and significant growth potential in a rapidly developing neighborhood. The asking price is $1,250,000, or $250,000 per unit. The permitted zoning is multi-family.

• CAP approach

  CAP return

  Valuation

  6%

  $912,329

  6.5%

  $842,150

  7%

  $781,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,338

  Geo Method

  $423,338

• Alternative Use

  Use

  Valuation

  Residential

  $1,044,265

  Hospitality

  $956,542

  Educational

  $795,831

  Medical

  $823,201

  Retail

  $1,237,960

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9734

Longitude

-75.2259

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].