Three Key Trends to Watch in the Philadelphia Multifamily Market in Now offering 1845, 1847 (PAPH221-2672) and 1905 (PAPH224-0438) East Huntingdon St. individually or as a package. If you wish to report an issue or seek an accommodation, please let us know. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Rent out one unit, occupy the other or rent out both units. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. The property is a TURNKEY DUPLEX that has a total of 6 BEDROOMS AND 5 BATHROOMS, and a few years left on the tax abatement. Download As the United States remains in a period of economic uncertainty, anticipating a third consecutive quarter of negative GDP growth, multifamily housing continues to be a stable investment and appealing destination for capital. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. This beautiful duplex is walking distance to the Market-Frankford Line for a quick commute to Center City. No worries , no hassle , ready to rent. Slate Property Group Breaks Ground on $146M NYC Project, Automation Can Alleviate the Challenges of Eviction Management, Developers Complete Construction on Chicago Apartment Building, Tredway Plans Expansion at Newly Acquired Coney Island Community, LIV Development Breaks Ground on Tampa-Area Community. The rooms are bright and open, with a lot of storage space and windows. Unit 2 is a another 1 bedroom apartment rented for $1140/month, Unit 3 is a bi-level 3 bedroom / 2 bathroom unit rented for 2120/month. LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." We expect strong fundamentals to continue. Fully leased investment property. Visit Crexi.com to read property details & contact the listing broker. . Spread across 3 addresses, this 48 foot wide property currently contains 3 - 800 SF, 1 Bedroom, 1 Bathroom residential apartments - All equipped with in unit washer and dryers and a 2,000 SF Commercial Garage and Warehouse space that is occupied by a local sign company. Convenient access to Penn bus, SEPTA bus routes and trolley lines. This past winter a radiator in the 2nd floor bedroom (rear) froze and burst and caused water damage to the 2nd floor bedroom floor as well as the 1st floor walls & floors. This home is nestled on a charming tree-lined street just one block from the public transportation bus stations, and with easy access to all the best shops and restaurants in University City, this home offers the ultimate in convenient city living. The property is situated close to the Fairmount Avenue Commercial Corridor that has amazing bars and restaurants, coffee shops, and countless long established small businesses. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. This is a very rare find in this price range. Required Obtain a Business Income and Receipts Tax ID Every individual, partnership, association and corporation doing business in Philadelphia must file a Business Income and Receipts Tax Return in whether or not they earned a profit during the preceding year. Get updates when a new home matches the current applied filters. The property qualifies for the CRA program for a conventional loan with a 3% down payment and no mortgage insurance. Within our newer developments, the clubhouses will have ample space for the remote working residentsexpanded business centers will have conference rooms, workstations, private workstations and private offices, all with computer monitors to plug laptops into. Hmm, there seems to have been an error sending your message. This can be accomplished through 24/7 concierge-style service and advanced features such as smart-tech units, state-of-the-art fitness centers and coworking spaces with soundproof office pods. Cash or hard money financing only. 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & Realtor, Real estate agents reveal the toughest home buyers they've ever met, Do Not Sell or Share My Personal Information. Philadelphia's multifamily sector showed a great deal of resilience in the face of the health crisis and continued to recover during 2021. Philadelphia Multifamily Zoning: RM-1 through RM-4 Any building with an RM designation can be used as a residence: for one family or as a multi-unit building. Rent growth may slow down but will remain strong relative to historic levels. Check with the applicable school district prior to making a decision based on these boundaries. Multifamily Housing - Philadelphia Energy Authority The second floor of unit B offers another bedroom, full bathroom, hall closets and a primary bedroom with its own full bathroom. James Gale Welcome to 4915 North 4th Street, Spacious End-of-Row Duplex located in the Olney Section of the City of Philadelphia. Developers should update their offerings by incorporating new technology, but keep features simple. View OM. Now offering 1845 (PAPH224-0404), 1847 (PAPH221-2672) and 1905 East Huntingdon St. individually or as a package. This is an excellent opportunity to own this Nicetown-Tioga property. Our experienced real estate recruiters in Philadelphia can do the same for you. The influx of companies in this sector has caused a growing need for housing that complements the work schedule and lifestyle of these students, young professionals and third-shift workers those who work through the night (primarily in the medical fields). Multifamily Residential Commercial Real Estate Construction Management Student Housing View Specialties Choose The Liberty Group When You're Ready For Your Next Job Since 1977, The Liberty Group has helped job seekers throughout the country find career success. Seller agent has financial interest in the property. 763 N 44Th Street Philadelphia, PA 19104. We welcome any feedback on how we can improve LoopNet to better serve your needs. Keller Williams Philadelphia, Investor alart!!!!!!! Please check back in a few minutes. The upstairs unit also has a well maintained fire escape stairwell at the back of the home that leads to the back yard. Get instant access to property photos so you can explore the home online. Jesse Frank Investor Special Alert! 4220 Ogden St, Philadelphia, PA 19104 - Multifamily Property for Sale However, the pandemic thrust countless residents into remote work situations without warning. We are aware of this issue and our team is working hard to resolve the matter. Compass RE. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Total monthly rent of $4,810 with plenty of room to increase the rent. Vacant duplex, 2 one bedroom units, with common basement with interior and exterior basement access. Both units have a washer & dryer. Maria Quattrone Double property. NOTE: Showings can be scheduled for the upper bilevel unit B which is vacant. Corner property. https://images1.loopnet.com/d2/2PiDibg7brUJsNcGh_NvXXdgAAEK3u9CIei3A8WgMEA/document.pdf. Same tenant f, 456 MARKLE STREET, Philadelphia, PA 19128, CMX1 Zoned. Philadelphia Single Family Homes for Sale, Philadelphia Duplexes & Triplexes for Sale, Philadelphia Zillow Home Value Price Index, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Cash flow immediately and participate in the huge appreciation that this, 598 ALCOTT STREET, Philadelphia, PA 19120. Gas & electric are separately metered. Separate electric and separately metered gas stoves. Philadelphia Single Family Homes for Sale, Philadelphia Duplexes & Triplexes for Sale, Central Air Conditioning Homes In Philadelphia Homes for Sale, Philadelphia Zillow Home Value Price Index, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. A prime example of the firm's fantastic multifamily structure in Philadelphia is The Link. Robert lamb The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. The lower floor in unit A has two bedrooms, a full bathroom, and the laundry area. With these new amenities, residents are steps away from coworking spaces where they have access to all of the resources they need for a productive workday. water pipe and HVAC maintenance and repairs. The upstairs apartment is another 2 Bedrooms 1 Bathroom space at approximately 1,200 sq ft in size with private access to the roof top deck. Here are three opportunities that multifamily owners should consider as the industry continues to grow and evolve in Philadelphia. As you step inside, you'll be greeted by a warm and inviting living space filled with natural light streaming through the numerous windows. The sophisticated project saves 16 shops established in the 1880s alongside Lancaster Avenue and adds contemporary housing units above. Be sure to request those! Both units are nicely done with top grade laminate flooring , central air, granite counters, custom tile bathrooms. First features two bedrooms and one bath currently rented at $1040 lease expires 10/31/23 90 days' notice required. The ground floor is a 2 bedroom 1 full bathroom apartment at approximately 1,200 sq ft in size with the private use of the rear patio. This unit also has access to a PRIVATE ROOF DECK with incredible views of the city and skyline. Equus Capitals Philadelphia portfolio currently encompasses 1,790 rental units, including projects under construction and in the planning stages, according to Yardi Matrix data. Copyright 2023 Bright MLS, Inc. Trulia is a registered Trademark of Zillow, Inc. Zillow, Inc. holds real estate brokerage, Do Not Sell or Share My Personal Information, Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. This is a great investment opportunity that has so much potential. The building is comprised of a first-floor unit offering 2 Bedrooms & 1 Bathroom. The implementation partners for the Multi-Family Affordable Housing Pilot areMission First Housing Group,Friends Rehabilitation Program,BlocPower,CMC Energy Services,Stratis IOT,PECO Energy, andPhiladelphia Gas Works. You must register your contact information to view secure information on this listing. PEA assembled a team for a multifamily pilot project, which is serving as the model for scaling up across Philadelphia. Looking for Philadelphia, PA Multi-Family Homes? Best City Homes Inc. Investor Opportunity! RE/MAX Central - Blue Bell, Beautiful Triplex in a great Spruce Hill neighborhood. Don't miss this meticulously maintained income producing property right in the heart of University City. Philadelphia PA Duplex & Triplex Homes For Sale - Zillow Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Metro Philadelphia added a healthy 129,200 positions in the 12 months ending in February, with leisure and hospitality (42,700 jobs) leading growth by far, followed by professional and business services (25,000), and trade, transportation and utilities (19.700). This unit also has access to a PRIVATE ROOF DECK with incredible views of the city and skyline. What are your expectations for the housing market this year? Each unit also comes equipped with all appliances. The market factors impacting this area and the value-add potential make this a killer investment opportunity. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Multi-Family Homes for Sale in Philadelphia, PA | Point2 GREAT INVESTMENT IN WEST PHILLY! Mullen: The majority of our portfolio is in the suburban Philadelphia market, which did not experience the kind of downturn seen in the urban Philadelphia markets. Welcome to this brand new Duplex in the Heart of Point Breeze. To find out more about Philadelphias multifamily landscape, Multi-Housing News reached out to Joseph Mullen, president of Madison Apartment Groupthe multifamily management affiliate of Equus Capital Partners. NOTE: Photos are of Unit B. Gabriel Jimenez Energy upgrades provide significant benefits to multifamily housing units, including increasing the property value, lowering its day-to-day operating costs, and reducing its carbon footprint. The buyer is to do their own due diligence with regards to property taxes, years remaining on the TAX ABATEMENT and zoning. Meanwhile, year-over-year rent growth hit 11.7 percent as of March, with the average rate at $1,641, just one dollar shy of the U.S. figure. We continually target locations where health care is a driver of the local economy due to the relative stickiness and endurance of those jobs through downturns. Stephen Stafford (267) 318-7080 (267) 318-7080. Philadelphia PA Real Estate - 429 Homes For Sale - Zillow Here are some remarkable features that make this property stand out: 2614 N 17th St, Philadelphia, PA 19132 - Multifamily Property for Sale If you wish to report an issue or seek an accommodation, please, 442-H New York Standard Operating Procedures. Full basement with ceramic tile floor and and newly parged walls. How have you adapted your communities to enhance the work-from-home experience? Get price drops notifications & new listings right in your inbox! 700 S 5th St, Philadelphia, PA 19147 - Multifamily for Sale - LoopNet Learn more. Floor plan pictures are uploaded with other photos for you to see the layout of each unit. $479,900. There are two 2-bedroom units and one 1-bedroom unit. Bike Score, {{ getErrorText(feedbackForm.starRating, 'rating') }}, {{ getErrorText(feedbackForm.msg, 'rating') }}, {{ getErrorText(feedbackForm.fname, 'first name') }}, {{ getErrorText(feedbackForm.lname, 'last name') }}, {{ getErrorText(feedbackForm.phone, 'phone number') }}, {{ getErrorText(feedbackForm.phonex, 'phone extension') }}, {{ getErrorText(feedbackForm.email, 'email address') }}, You can provide feedback any time using the Help, Passwords is too common or does not have at least 8 characters. Philadelphia sales volume and number of properties sold, click to enlarge. This is a very rare find in this price range. Triplex plus one car garage in an excellent location (corner of 37th street and Baring street). Or live in one unit and have the two other unit convers all the expense. Developers' interest in Philadelphia multifamily market persisted in November 1, 2022 Looking for a PDF of this content? This corner duplex offers two (1) bedroom units that experience loads of natural light. 2023 $1,545/month; The property consists of three units, with each unit occupying its own floor, and a fenced in backyard. Seller agent has financial interest in the property, May Hui Fully leased with a rent roll of $64,140 / year. Excellent income. Fully leased with a rent roll of $64,080/year. Pride of ownership is apparent at this property. BedsAny1+2+3+4+5+ Use exact match Bathrooms Any1+1.5+2+3+4+ Home Type Checkmark Select All Houses Townhomes Multi-family Condos/Co-ops Lots/Land Apartments Manufactured Max HOA . Nice Triplex located in Overbrook. OCF Realty LLC. Page 1 of 28. There is a lot of construction happening all around this up-and-coming neighborhood. Amazing investment opportunity that needs a little TLC! All units are metered separately for gas, water and electric and include washer and dryers. In fact, there are schools, universities, school districts and lastly parks nearby. Year 5: From Dec 1 2025 to Nov 30, 2026 $1,688/month. From our conversations with investment capital, we foresee their voracious appetite for apartment investment will continue over the next few years. While lacking the shiny appeal of Sun Belt cities, metro Philadelphia's multifamily market wrapped up a strong 2021 and continued to display steady fundamentals into the first quarter of this. 1614 MAGEE AVENUE, Philadelphia, PA 19149, Great investment opportunity not to be missed!! Meanwhile, almost $250 million in communities traded in 2022 through March, above the figure registered in the same time frame last year, even as 2021 recorded a decade-high for transactions volume. Now more than ever, tenants want to create a more rigid separation between their work and home lives. The Philadelphia Energy Authority strives to eliminate the financial barriers to energy upgrades by making clean energy accessible and affordable. The price, size, and condition of the property always attracted very good tenants of all different types. This 3 unit building is a money making property. The 2nd level units are currently occupied by the owners (2 people). On the same level you will find two nicely sized bedrooms, a powder room and a full bathroom. That email address has already been registered. Must be purchased together with 4333 Pine Street (Triplex) (Total Asking Price $1,550,000) Christian Russo Zillow, Inc. holds real estate brokerage licenses in multiple states. This rate of increase was recorded for both market-rate and upscale rental assets. Schedule a viewing today and explore the endless possibilities this property has to offer! This is a fantastic opportunity to live in one unit and to rent out the other unit for income in one of the cities hottest most popular areas. The main floor has one bedroom, a full bathroom and the combo kitchen and living area. The main level has a rear bedroom, full bathroom, laundry /mechanic room, then moving down the hall to the front of the property is the front living room and kitchen open space. Three newer construction duplexes in booming 19125/East Kensington. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The lower floor in unit A has two bedrooms, a full bathroom, and the laundry area. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Here's how fast Philadelphia apartment rents are growing compared to This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Univ of Penn, and Penn Presbyterian hospital. Philadelphia Multifamily Report - May 2022 - Multi-Housing News Unit 2 is currently occupied by the owner. laundry area in hallway consists newer washer, dryer and cabinet. The Link for CA Ventures is a blend of traditional restoration and modern development from the ground up. Second floor is a one bedroom rented way under market at $900 lease expires 5/31/24 90 days' notice is required. 180 residential units in total incl, 4612 RISING SUN AVENUE, Philadelphia, PA 19140, Here is your dream investment property. Nice front brick, legal triplex, 2130 W SPENCER STREET, Philadelphia, PA 19138, 1 + 1 Legal Duplex within walking distance, only a half mile from La Salle University!! We are excited to see the continued growth within this sector as it will bring well-qualified renters to the population. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Ten-X holds real estate licenses in all 50 states and D.C. 442-H New York Standard Operating Procedures, TREC: Information about brokerage services, Currently, two of the three units are occupied. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. How do you expect this growth to impact multifamily development in the future? Both units will be delivered vacant at closing. Philadelphia Energy Authority Philadelphia, PA 19107, Office: 215.686.4483 This 1+1 duplex has 2 long term tenants and rent is below market. What sets this duplex apart is its own separate access from the back to the third unit once converted, providing privacy and convenience for all occupants. RE/MAX Plus. Philadelphia Zoning Guide: Multifamily Zoning - Permit Philly That's right, the property could be expanded to 5 units! House is in good condition. Electric hot water heater. Philadelphia is rapidly expanding into a major life sciences cluster. Philadelphia sees surge in new apartments, but it might not last This article originally appeared in the November/December 2021 issue ofNortheast Real Estate Businessmagazine. Rental Property - Multifamily Residential multi-family properties for rent. The username or password you entered is incorrect. Additionally, our new clubhouses will be very spacious, with a variety of different seating areas as additional space where residents could potentially also work from. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. Mullen: We look for neighborhoods with good school systems, proximity to highways and a good employment base, along with easy access to retail and various local amenities. Despite swirling questions about construction costs, parts of Philadelphia like Northern Liberties saw continued interest from multifamily developers in 2022. Schedule your appointment today and seize the opportunity to expand your real estate portfolio in 19125, one of the trendiest and rapidly expanding areas of the city. Contact Keller Williams Realty Group for more information. Why pay rent when you can collect it? Large corner mixed use property with commercial grocery store on first floor and basement for storage, 2nd floor with 2 bedrooms residential unit. Schedule your appointment today and seize the opportunity to expand your real estate portfolio in 19125, one of the trendiest and rapidly expanding areas of the city. Fully gutted and, 327 N PRESTON STREET, Philadelphia, PA 19104, Come see this spacious duplex located in a highly sought-after area of University City. Zillow, Inc. holds real estate brokerage licenses in multiple states. The landlord is only responsible for main sewer. Close to public transportation, many shops, and shopping districts. -Flexibility and Versatility: The ground floor studio/ flex space provides endless possibilities. Brokerage. Mullen: Many of our communities have clubhouses with various spaces to work. 3907 SPRING GARDEN STREET, Philadelphia, PA 19104, Here is your chance to acquire a well maintained triplex in the middle of university city and one of the fastest developing areas in the city. Giraldo Real Estate Group, Showing Results 1 - 25, With the weather getting warmer your tenants will want to hang up there and enjoy the beautiful views while soaking in some sunshine. 2023 France Publications, dba France Media Inc. GMH Communities recently began leasing The Yards at Malvern, a 225-unit community in metro Philadelphia. Come Through and put your vision to the canvas! This property is located near dozens of restaurants, cafes, and bars; from Halal to the Ramen Bar, there is no shortage of eateries nearby. Eric Feinberg Real Estate Group is proud to present, on behalf of ownership, a 3 unit investment opportunity ready for a quick rehab in Philadelphia, Pennsylvania. Realty Mark Cityscape. If you forgot your password, click to reset it. The city of Philadelphia recently had a property reassessment. . Excellent opportunity for solid income AND long-term hold. The entire duplex is modern throughout with updated kitchens with modern cabinets and appliances. Philadelphia, PA Duplex & Triplex Homes for Sale - Multi-Family - Redfin Additionally, this beautiful home is situated within the catchment area of the highly sought-after Penn-Alexander (Sadie Tanner Mossell Alexander) Elementary and Middle School. EXP Realty, LLC. Philadelphia - GREA Just this year, GMH created a new vertical in its multifamily portfolio called Innovative Living, a first-of-its-kind fusion of student and conventional housing. There is a PRIVATE REAR YARD that can be accessed via the main level within this unit. C-PACE financing is available for new and existing multifamily properties of 5+ units. Used under license. ATTENTION INVESTORS, 1031 EXCHANGE BUYERS and HOUSE HACKERS (rent one unit out and live in the other) AN AMAZING OPPORTUNITY RIGHT HERE FOR YOU.
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