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Al Ferraguti

al@redsignnetwork.com +1(267) 784-8276

$ 1,185,000

Est. payment -/mo

Save

New

3407 WALLACE ST Philadelphia, PA 19104

2,662 Sqft Lot

UPDATED:

12/28/2024 01:12 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Mantua

MLS Listing ID PAPH2430580

Originating Board BRIGHT

Year Built 2013

Annual Tax Amount $499

Tax Year 2024

Lot Size 2,662 Sqft

Acres 0.06

Lot Dimensions 24.00 x 110.00

Property Description

Amazing investment opportunity. This modern, fully occupied 5-unit multi-family property, built in 2013, is situated in the highly sought-after Mantua neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes two (2) two-bedroom, one-bathroom units, one (1) three-bedroom, two-bathroom unit and two (2) four-bedroom, two-bathroom units. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, intercom system and much more. Don't miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881808641

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Steven Onesti • KW Empower

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Al Ferraguti

+1(267) 784-8276

Team Leader of The Red Sign Network | License ID: AB067613

Team Leader of The Red Sign Network License ID: AB067613