316 S 52Nd St Philadelphia, PA 19143
Property Features for 316 S 52Nd St
General Information
- Standard status
- Active
- Lot size
- 0.04 Acres
Building Details
- Year built
- 2023
Source:
Exitrealty
Listing Agency: KW Empower Listing Agent: Michael P Cohen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Construction Mixed-Use Investment
Constructed in 2023, this fully occupied six-unit building is located at the corner of S 52nd and Delancey Streets. The property includes one commercial space on the first floor and five residential units. Two private parking spaces are accessible from the Delancey Street side in the rear. The commercial space, Unit 1, features a private bath and separate entrance and is rented for $1,000. Units 2 through 6 are each one-bedroom, one-bath apartments, rented for $1,150, $1,250, $1,330, $1,250, and $1,200 respectively. The building is electric. A tax abatement began in 2023 and is effective for eight more years. The property's location offers proximity to Market Street and SEPTA public transportation, providing access to various areas of the city, and is a short distance from University City. The property is intended as an investment property to collect rent.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2250086
- Latitude
- 39.9656811
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Six-unit building with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 316 S 52Nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - New construction (2023) with tax abatement in place for 8 more years.; - Fully occupied building generating immediate rental income from 6 units.; - Prime location near Market Street, Septa public transportation, and University City.
