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1228-1230 South 2nd Street
Philadelphia, PA Queen Village-Pennsport

$1,300,000 USD

Multifamily For Sale  •  4,552 SF

2 Properties View all

Property Details

  • Property Type Multifamily
61 Transit Score
89 Walk Score

Highlights

Strong Pennsport Location: Excellent Walkability, Abundant Neighborhood Amenities, and Low Turnover
Strong Historical Occupancy and In-Place Cash Flow: Historically Well Occupied, with Minimal Turnover
Attractive Unit Mix: 70% Two-Bedroom Units and 30% One-Bedroom Units
Low Expense Ratio: 33% Expense Ratio; Operational Efficiencies Already In-Place
Significant Rental Upside: Increase Rents 10% with Little to No Work Needed
Access to Major Thoroughfares: Immediate Proximity to I-95, I-676, I-76, and S. Columbus Boulevard

Public Transportation

Commuter RailDriveWalkDistance
Market East (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)) 8 min - 2.4 mi
Suburban Station (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)) 9 min - 2.9 mi
AirportDriveWalkDistance
Philadelphia International 19 min - 10.1 mi
Trenton Mercer 51 min - 34.3 mi
Kenneth Wellar 215-454-2879 GREA
Kenneth Wellar 215-454-2879 GREA