REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,185,000
Est. payment /mo
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