Price Reduction
Address
230 S 46Th Street, Philadelphia, PA
Price
$ 1,359,000
Property Attributes
- MLS#PAPH2345564
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19139
- NeighborhoodSpruce Hill
- Zip19139
- StyleApartment Building
- Year Built2024
- Taxes$ 2774
- Price$ 1,359,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3450
- Lot Size2,178 SqFt
Data Source:
Bright MLS
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. All of this building's mechanicals are brand new including 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. 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 $1943 3bd/2ba $2500 Studio $1270 Studio $1270 2bd/1ba Projected $1850 $106,000 NOI $91,000 Cap Rate 6.6% Tenant responsible for all utilities Low operating expenses - Approved Tax abatement with brand new mechanical systems.
| Price History | |
|---|---|
| 4/21/2024 | Listed $1,395,000 |
| 5/6/2024 | 2% - $1,379,000 |
| 5/12/2024 | 2% - $1,359,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | None |
| Possession | 31-60 Days CD |
| Zoning | RM1 |
| Construction Materials | Masonry |
| Year Built | 2024 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 109000.00 |
| Business Type | Apartment Building |
| Accessibility | None |
| County | PHILADELPHIA |
| Net Operating Income | 92650.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | SPRUCE HILL |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | 46th street |
| ModificationTimestamp | 2024-05-12T10:11:31 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2 |
| Total Units | 5 |
| MLS Area | 19139 (19139) |
| Lot Size Square Feet | 2094.00 |
| Tax Assessed Value | 198200.0 |
| Waterfront Y/N | No |
| Street Name | 46TH |
| Tax Annual Amount | 2774.0 |
| Price Per Sq Ft | 393.91 |
| Vacation Rental Y/N | No |
| Days on Market | 22 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 121 |
| Total Actual Rent | 109000.00 |
| Cap Rate | 6.50 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Parking Features | Paved Parking |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 1 |
| Type of Parking | Driveway |
| Land Use Code | N50 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Building Area Total | 3450.00 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 39640.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19139
Price
Taxes
Visits
Year Built
© BRIGHT, All Rights Reserved
