New Construction
Listed By:
Compass Pennsylvania, LLC
Address
1733 N 2Nd Street, Philadelphia, PA
Price
$ 4,500,000
Property Attributes
  • MLS#PAPH2293162
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19122
  • NeighborhoodOlde Kensington
  • Zip19122
  • StyleApartment Building
  • Year Built2023
  • Taxes$ 1175
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3500
  • Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description

Located in the Keystone Opportunity Zone! 13 Unit, new construction building in the heart of the Olde Kensington neighborhood of Philadelphia. Just minutes to Fishtown and only 2 blocks from the Berks subway station. This 14,000 sq. ft. building is comprised of 4 floors above grade plus a basement of about an additional 3500 sq. ft. Unit breakdowns are as follows: 6 total one bedroom/ 1 bathroom apartments, 6 total 2 bedroom /2 full bathroom apartments, and a large 3500 sq. ft. corner commercial space with oversized garage parking. One-bedroom apartments range in sq. footage from 506-547 sq. ft. and the two-bedroom apartments range from 644-987 sq. ft. All units have central air and heat, wood flooring, washer and dryer, white quartz countertops, and stainless steel appliances. One bedroom projected rents to be between $1400-1500/ month and two bedrooms projected rents $1800-$2000 per month. Projected gross annual rent of over $240k per year. Fiberglass roof deck to be finished and furnished. The basement is to be finished as an amenity space. Please contact the agent for floor plans, tours, and finish options. The seller is motivated, please contact us with serious inquiries.

Price History
10/31/2023 Listed $4,500,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession 61-90 Days CD
Roof Fiberglass
Zoning ICMX
Construction Materials Masonry
Year Built 2023
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 241000.00
Business Type Apartment Building
Accessibility Elevator
County PHILADELPHIA
New Construction Yes
Property Type Commercial Sale
Subdivision Name OLDE KENSINGTON
Water Access Y/N No
Transportation Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile
Status ACTIVE
Directions On the corner of 2nd and Tilghman Street
ModificationTimestamp 2024-04-04T13:01:47
City PHILADELPHIA
Buyer Agent Compensation 2
Total Units 13
MLS Area 19122 (19122)
Lot Size Square Feet 2750.00
Tax Assessed Value 84000.0
Waterfront Y/N No
Street Name 2ND
Tax Annual Amount 1175.0
Property Condition Excellent
Price Per Sq Ft 321.43
Construction Completed Y/N No
Vacation Rental Y/N No
Days on Market 183
Builder Name Inquire with agent
Standard Status Active
Year Built Source Estimated
Tax Lot 46
Buyer Agent Compensation Type % Of Base

Interior Features

Heating Fuel Electric
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
Total Restrooms 13

Exterior Features

Water Source Public
Total Parking Spaces 6
Type of Parking Private Garage
Foundation Details Concrete Perimeter
Water View Y/N No
Building Area Total 14000.00
Lot Dimensions 98.00 x 23.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 25200.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 6

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 19122

Price
AVG $950K
$4.5M
Taxes
AVG $4,104
$1,175
Visits
AVG 186
455
Data Provided by Inside Real Estate®
Year Built
AVG 1961
2023

Areas We Cover