UPDATED:
09/20/2024 02:19 AM
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,025 sqft
Price per Sqft $443
Subdivision Philadelphia (South)
MLS Listing ID PAPH2397964
Style Other
Abv Grd Liv Area 2,025
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $6,391
Tax Year 2023
Lot Size 964 Sqft
Acres 0.02
Property Description
1327 Snyder is a 5-plex (5 units) in the East Passyunk submarket of Philadelphia. This value-add multi-family building is situated just off Passyunk Ave. with easy access to the broad street train line and SEPTA. Walk 1 block to Passyunk Avenue which is a trendy hot spot in South Philadelphia. There are an abundance of independently-owned businesses - from coffee shops, dining spots, to unique boutiques, and services. FDR park is a nice walk on a lovely day. The Property consists of four (4) one-bed units and one (1) studio unit. Rents are substantially under market and major rental upside exists for future ownership. Interested parties may inquire about financials. Offered as-is. The subject property is also available as well as another extremely well-maintained apartment building offered by the same Ownership, This is an acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully leased and maintained each building over its tenure. and has long term tenants. New Ownership can achieve top-of-market rental rates or continue operating. The other building coming online is 1425 Jackson St. which is within 2 blocks of this property. The package price for both buildings is at $1,593,000.
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Central A/C, Window Unit(s), Wall Unit
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Lot Description Corner
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 394275300
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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