Tom Governale
(732) 689-2072seniorhomecoachnj@gmail.com
$1,549,000
Coming Soon

4215 MANAYUNK AVENUE

Philadelphia, PA 19128
5575 sqft | 0.07 acres | #PAPH2483614
Listing OfficeSelect Commercial Advisors
Office Phone
Office Email
Structure:Unit
Zone:Commercial

Description

4215 Manayunk Avenue is a six-unit, income-producing mixed-use asset in the highly-desirable Manayunk-Roxborough submarket, featuring 5 spacious residential units and 1 commercial space. Acquire a high-quality, low-maintenance property at an in-place 7.0% cap rate, completed in 2018 with a blend of historic renovation plus a new construction addition. Approximately three years remain on the full 10-year tax abatement, offering substantial property tax savings. A unit mix of three x two beds and two x three-beds with quality, modern finishes, private outdoor space, and a roof deck guarantees high tenant appeal. The property currently has an assumable Freddie Mac loan in place at a 4.97% interest rate through May 2026. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in the coming years and presenting a unique opportunity for investors to acquire a turnkey, income-producing asset with long-term upside.

  • Property Details
      • Property SubtypeFive Or More Units
      • Sewer InformationPublic Sewer
      • MLS #PAPH2483614
      • MLS #PAPH2483614
      • Property ConditionExcellent
      • Square Feet5575.00
      • Cost1549000
      • Utility SourcePublic
      • Taxes Annual$2,435
      • ViewCity
      • Acres0.07
      • Year Built2017
      • Stories3

Location

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© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: BRIGHT

Listing Courtesy
Listing Agent: Samantha Lee Miller (#3301126)
Listing Office: Select Commercial Advisors (#56094)

Tom Governale | Keller WilliamsReal Estate Group
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