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4146-4148 Parkside Ave
Philadelphia, PA 19104 East Parkside

$4,950,000 USD

Apartments For Sale • 16,770 SF

Property Details

Property Type Apartments
Total Building Size 16,770 SF
Lot Size 0.13 AC
Building Class A
Year Built 2023
Zoning RM1-Residential Multi-Fam

80 Transit Score

70 Walk Score

                
                    Highlights
                
                                NEWLY CONSTRUCTED ASSET — Completed in 2023, the property offers investors a turnkey multifamily investment with modern systems, contemporary finishes
                            
                                FULL 10-YEAR TAX ABATEMENT — Property benefits from a full 10-year tax abatement and is currently in year 3 of 10, with 7 years remaining.
                            
                                PARKSIDE LOCATION — Situated directly along Parkside Avenue overlooking Fairmount Park with convenient access to University City, Center City Philadel
                            
                                STABILIZED CASH FLOW — Currently generating approximately $322,921 in Net Operating Income with projected Year One NOI growth to $342,306.
                            
                                EFFICIENT OPERATING PROFILE — Operating expenses represent approximately 25.2% of Effective Gross Income, providing strong operating margins and durab
                            
                                PREMIUM RENTAL PRODUCT — Modern apartment layouts and recent construction continue to attract students, healthcare professionals, and young profession

Amenities

Air Conditioning
Controlled Access
Tenant Controlled HVAC
Recycling
Smoke Free
Kitchen
Refrigerator
Oven
Tub/Shower
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Wynnefield Avenue (R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	5 min	-	1.7 mi
Bala (R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	6 min	-	2.4 mi
Transit/Subway	Drive	Walk	Distance
Girard and 40th (Route 15 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	1 min	6 min	0.3 mi
Lancaster Avenue and Wyalusing Avenue (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	2 min	12 min	0.6 mi
Lancaster Avenue and 44th Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	2 min	13 min	0.7 mi
Lancaster Avenue and Girard Avenue (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	2 min	14 min	0.7 mi
Lancaster Avenue and 47th Street (Route 10 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Philadelphia International	23 min	-	11.8 mi
Trenton Mercer	54 min	-	36.6 mi

Saam Tashayyod 215-608-3734 Trophy Commercial Real Estate

4146-4148 Parkside Ave Philadelphia, PA 19104 East Parkside

$4,950,000 USD

Property Details

Highlights

Amenities

Public Transportation

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4146-4148 Parkside Ave
Philadelphia, PA 19104 East Parkside