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3202 Hamilton St
For Sale $1,395,000 ($246.55 per Sq Ft)
$1,395,000 ($246.55 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 5,658 Sq Ft
- 2,000 Sq Ft
Description
This sale includes both 3202 and 3204 Hamilton st buildings
This exceptional real estate opportunity encompasses both 3202 and 3204 Hamilton St buildings, offering a rare chance to acquire a PRIME location generational investment acquisition opportunity. This turnkey 4-unit property is in the heart of Powelton Village and Drexel University. Each building consists of two units, presenting a total of four units for potential investment.
The property boasts fully leased units until the end of August 2025 currently generating a total of $11,150 per month, offering 7+ cap rate. Each bi-level unit features a spacious open-concept common area, fully equipped kitchen, large bedrooms with full closets, hardwood floors, recessed lighting, modern bathrooms, and separate washer/dryer. Additionally, both Unit 1s are accompanied by a good-size backyard for outdoor space, and all units are metered separately. This building has been fully gutted and partially rebuilt few years ago, offering newer mechanicals, plumbing, electrical and more.
The location is unbeatable , appealing to students, medical professionals, and university staff due to its close proximity to Drexel University, Upenn, and nearby hospitals. Furthermore, with an abundance of public transportation options and its convenience to Downtown Philadelphia, the property is well-positioned for future appreciation potential.
The ongoing new developments in the area, such as Schuylkill Yards, Science Center, and University Place 3.0, further underscore the potential for long-term growth and appreciation.
This multifamily investment opportunity is not to be missed, offering a strong rental history and significant potential for appreciation. Act fast, properties like this one are rare to come to the market!
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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 | $1,395,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 5,658 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1870 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 241179320 |
| MLS # | PAPH2376868 |
| Property ID | 320679645 |
| Lot Sqft | 2,000 |
| Zoning | RTA1 |
| Total Units | 4 |
| Days on Market | 205 |
| Original List Price | Unknown |
| Date Updated | January 24, 2025 |
| Date Created | July 16, 2024 |
Listing Provided By
Reda B Akbil an agent of . Lic #RS337002
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Data last updated: February 06, 2025.
Robert Crawford
REAL ESTATE AGENT