2300 Locust St Philadelphia, PA 19103
- Apartment buildings
- 7,050 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2300 Locust St
- Property size
- 7,050 SF
- Property type
- Apartment buildings
Description
This exceptional five-unit apartment building, located at 2300 Locust Street in Philadelphia's coveted Fitler Square neighborhood, presents a compelling value-add investment opportunity. The four-story, 7,050-square-foot building boasts five two-bedroom, two-bathroom units, each featuring high ceilings, hardwood floors, central air, and large windows. Select units offer desirable bi-level layouts. Each unit is individually metered and recorded as a separate condo, providing flexibility for the buyer to maintain the property as an apartment building or sell the units individually. The building's prime corner location at 23rd and Locust Streets offers unparalleled access to Philadelphia's finest dining and is just two blocks from Schuylkill River Park. Its proximity to Center City, the University of Pennsylvania, and Drexel University ensures high demand and strong rental potential. The asking price is $1,700,000, representing $340,000 per unit and $241.13 per square foot. The property's APN numbers are 888102501, 888102502, 888102503, 888102504, and 888102505. Ownership is fee-simple. This property offers significant upside potential through strategic renovations and increased rental rates. The convenient location near major roadways, including Walnut, South, Market, Chestnut, and Broad Streets, as well as I-76 and I-676, adds to its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1787
- Latitude
- 39.9499
