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1235 Federal St
For Sale $2,400,000
$2,400,000
- 8 Units
- Unknown Sq Ft
- 5,338 Sq Ft
- Unknown Cap Rate
Description
Introducing The Southern Bella Lofts, renovated in 2016, featuring eight fully occupied units, each offering 2 bedrooms and 1.5 baths in a stabilized asset. Each unit boasts high ceilings, hardwood floors, exposed ductwork, and recessed lighting that create a stylish and inviting atmosphere. The open-concept design includes contemporary kitchens equipped with stainless steel appliances and granite countertops, along with convenient half baths. The upper levels feature modern bathrooms and spacious bedrooms, each with full closets. Plus, each unit includes a washer/dryer for added convenience.
This property is being sold with assumable debt at an attractive interest rate of 3.69%, and it benefits from a tax abatement that runs through the end of 2026, enhancing your investment potential.
Ideally located, this building is within walking distance of the vibrant Italian Market, South Street, and Passyunk Square districts. Public transportation is easily accessible, with the Broad Street Line just one block away. Enjoy the best of city living with coffee shops, sports and fitness clubs, and local markets right at your doorstep, all while being close to Center City.
Don’t miss your chance to invest in this beautifully designed building in one of Philadelphia’s most exciting neighborhoods! Please reach out to listing brokers for offering memorandum.
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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 | $2,400,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881000715 |
| MLS # | PAPH2428886 |
| Property ID | 321124225 |
| Lot Sqft | 5,338 |
| Zoning | RSA5 |
| Total Units | 8 |
| Days on Market | 6 |
| Original List Price | Unknown |
| Date Updated | December 19, 2024 |
| Date Created | December 16, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $211,548 | $0 |
Listing Provided By
Stephen D. Stafford an agent of SDG Management, LLC. Lic #RM424801
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Data last updated: December 22, 2024.
Robert Crawford
REAL ESTATE AGENT