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2337-41 S Alder St
For Sale $685,000 ($142.71 per Sq Ft)
$685,000 ($142.71 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 4,800 Sq Ft
- 2,400 Sq Ft
Description
Discover this outstanding investment in Lower Moyamensing! This property offers four, fully rented, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $61,000 in gross annual income, with a 6.7% Cap rate, this property is an excellent addition to any investment portfolio.
The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income.
Beyond its investment potential, consider transforming this property into your dream mansion with parking!
Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA.
Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $685,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,800 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 394119900 |
| MLS # | PAPH2241848 |
| Property ID | 320500308 |
| Lot Sqft | 2,400 |
| Zoning | RSA5 |
| Total Units | 4 |
| Days on Market | 568 |
| Original List Price | Unknown |
| Date Updated | August 25, 2024 |
| Date Created | May 30, 2023 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $61,260 | $0 |
| Net Income (Yr) | $ 45,927 |
| Cap Rate | 6.70% |
Listing Provided By
Eric J Gerchberg an agent of OCF Realty LLC - Philadelphia. Lic #RS327734
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Data last updated: December 18, 2024.
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REAL ESTATE AGENT