$699,000
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1425 Jackson Street Philadelphia, PA 19145 Municipality: Philadelphia
Multi-Family
Residence
Beds
Baths
Sq. Ft.
0.02
Acre
Lot
Property Activity
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Part of package, additional property nearby available - 1327 Snyder Ave. 1425 Jackson is a quadplex (4 units) in the East Passyunk submarket of Philadelphia. This value-add multi-family building is situated just off Passyunk Ave. with easy access to the broad street train line and SEPTA. Just aro...und the corner is Passyunk Avenue which is a trendy hot spot in South Philadelphia. There are an abundance of independently-owned businesses - from coffee shops, dining spots, to unique boutiques, and services. FDR park is a nice walk on a lovely day. The Property consists of three (3) one-bed units and one (1) studio unit. Rents are substantially under market and major rental upside exists for future ownership. Interested parties may inquire about financials. Offered as-is. The subject property is also available as well as another extremely well-maintained apartment building offered by the same Ownership, This is an acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully leased and maintained each building over its tenure. New Ownership can achieve top-of-market rental rates or continue operating. The other building coming online is 1327 Snyder Ave which is within 2 blocks of this property. The package price for both buildings is at $1,593,000.
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MLS#
PAPH2397934
Property Type
Multi-Family
Year Built
1920
Price per Sq. Ft.
$388.33
Lot Size
0.02
Sewer
Public Sewer
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