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Multifamily

Queen Village Portfolio 2

624 Catharine St, Philadelphia, PA 19147

Listing Price: $1,450,000

Cap Rate
3.44%
Number of Units
4
Occupancy
95.0%
Price/Unit
$362,500
Price/Gross SF
$239.67
Gross SF
6,050

Investment Overview

Consists of 3 addresses adjacent to one another. It includes a large duplex that faces the street as well as (2) single-family homes situated on the cross street directly behind the duplex. This package is being offered at a list price of $1,450,000. Situated on a .04-acre lot (1,451SF), the parcels hold significant redevelopment potential. The duplex was originally a single-family home that was converted to apartments only within the period of current ownership. A qualified investor can purchase the 3 buildings at a low price per square foot and incorporate a proper renovation/redevelopment program with the intent to sell them individually over time.

Investment Highlights

  • 4 Units: Large Duplex & Two Adjacent (2) Single Family Homes Located in The Heart of Queen Village
  • Value Add/Redevelopment Opportunity
  • Large Units: Average Unit Size Roughly 1,500 SF

Exclusively Listed By

Financing By

Multifamily

Queen Village Portfolio 2

Listing Price: $1,450,000

Cap Rate
3.44%
Number of Units
4
Occupancy
95.0%
Price/Unit
$362,500
Price/Gross SF
$239.67
Gross SF
6,050

Investment Highlights

  • 4 Units: Large Duplex & Two Adjacent (2) Single Family Homes Located in The Heart of Queen Village
  • Value Add/Redevelopment Opportunity
  • Large Units: Average Unit Size Roughly 1,500 SF

Investment Overview

Consists of 3 addresses adjacent to one another. It includes a large duplex that faces the street as well as (2) single-family homes situated on the cross street directly behind the duplex. This package is being offered at a list price of $1,450,000. Situated on a .04-acre lot (1,451SF), the parcels hold significant redevelopment potential. The duplex was originally a single-family home that was converted to apartments only within the period of current ownership. A qualified investor can purchase the 3 buildings at a low price per square foot and incorporate a proper renovation/redevelopment program with the intent to sell them individually over time.

Exclusively Listed By

Financing By

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