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Listed by Mr. Saam Tashayyod • Trophy Commercial Real Estate LLC
$5,350,000
Est. payment /mo
5,460 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2659404
Year Built 2023
Annual Tax Amount $393
Tax Year 2019
Lot Size 5,460 Sqft
Acres 0.13
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Trophy Commercial Real Estate is proud to present 4146-48 Parkside Avenue, a newly constructed 28-unit multifamily investment located directly overlooking Fairmount Park.
Built in 2023, the property offers investors modern construction, immediate cash flow, and approximately seven years remaining on Philadelphia's original 10-year tax abatement, providing significant long-term tax savings.
Investment Highlights:
-28-Unit Multifamily Asset
-In-Place NOI: $322,921
-Built in 2023
-Approximately 7 Years Remaining on the Original 10-Year Tax Abatement
-Directly Overlooking Fairmount Park
-Prime Parkside Location Near University City & Center City
Built in 2023, the property offers investors modern construction, immediate cash flow, and approximately seven years remaining on Philadelphia's original 10-year tax abatement, providing significant long-term tax savings.
Investment Highlights:
-28-Unit Multifamily Asset
-In-Place NOI: $322,921
-Built in 2023
-Approximately 7 Years Remaining on the Original 10-Year Tax Abatement
-Directly Overlooking Fairmount Park
-Prime Parkside Location Near University City & Center City
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 062222605
Ownership Fee Simple
Special Listing Condition Standard
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Nearby School & Business
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