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2146 N Front St
Philadelphia, PA 19122 North Philadelphia East

$839,000 USD

Apartments For Sale  •  3,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,500 SF
  • Lot Size 0.03 AC
  • Building Class C
  • Year Built 2024
  • Cap Rate 6.83 %
  • Zoning CMX-2
90 Transit Score
100 Walk Score

Highlights

4 units - New construction with High end finishes, great layouts, roofeck making it very easy to lease
10 year real estate tax abatement with taxes being $215/year only which allows you to pay down your equity faster
Fully leased with $6,150/M in rental income
In the middle of the fastest growing areas of the city with tons of new construction and new restaurants opening up very frequently.
Turnkey and very low maintenance with Full management available

Financial Summary

Cap Rate: 6.83 %

Public Transportation

Commuter RailDriveWalkDistance
Temple University (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 4 min - 1.1 mi
North Broad (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 5 min - 1.8 mi
Transit/SubwayDriveWalkDistance
York-Dauphin (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 4 min 0.2 mi
Berks (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 8 min 0.4 mi
Huntingdon (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 12 min 0.6 mi
Somerset (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Philadelphia International 25 min - 14.5 mi
Trenton Mercer 48 min - 31.8 mi
Reda Akbil 267-205-1369 Compass Commercial
Reda Akbil 267-205-1369 Compass Commercial