UPDATED:
12/18/2024 04:18 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $151
MLS Listing ID PAPH2194636
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $6,861
Tax Year 2023
Lot Size 9,121 Sqft
Acres 0.21
Lot Dimensions 76.00 x 120.00
Property Description
Introducing an exceptional investment opportunity, brought to you by the Philly Home Advisors team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulously
maintained to this day, now for sale due to current owners wanting to retire.
The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- SQ ft lot, 6 bay small rental garage spaces, and a 30,000 +/- SQ ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development.
The residential units are fully occupied, grossing $317,400 annually in rent with all tenants paying on time - does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rent by at least 20% with no capital investment. The
warehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15-$9 per SQ ft annually.
With minimal investment, this portfolio offers endless opportunities for future value and current rental
increases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having all
properties on one block makes managing this portfolio a breeze.
Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare and
unique investment opportunity not to be missed. Contact us now to schedule a tour and secure your
investment in this highly sought-after location.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning RSA5
Interior
Hot Water Natural Gas
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 15.0
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone
Water Access N
View City
Roof Type Flat
Accessibility None
Total Parking Spaces 15
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884345260
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
GET MORE INFORMATION
Nathan Labish
Real Estate Agent | License ID: 0225271116
Real Estate Agent License ID: 0225271116