1518 8Th St Philadelphia, PA 19122
- Apartment buildings
- 5,000 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1518 8Th St
- Year built
- 2024
- Property size
- 5,000 SF
- Property type
- Apartment buildings
Description
This exceptional 8-unit apartment building, located at 1518 N 8th St in Philadelphia's Ludlow neighborhood, presents a compelling investment opportunity. Completed in 2024, this Class A property boasts 5,000 square feet and is zoned RSA-5, offering significant potential. The building's intelligent layout maximizes space and caters to diverse renter needs. The basement level features two spacious 2-bedroom, 2-bathroom units, providing ample living space. The first floor offers two 1-bedroom, 1-bathroom units, ideal for singles or couples. The second and third floors mirror the basement layout, each containing two more 2-bedroom, 2-bathroom units. This balanced unit mix ensures strong occupancy rates and consistent rental income. Adding to its appeal, the property includes three convenient parking spaces for residents. The building's prime location in Philadelphia, combined with its modern construction and desirable unit configurations, makes it an attractive investment prospect with strong potential for future appreciation. The asking price is $2,149,000. This is a rare opportunity to acquire a newly constructed, high-quality multifamily property in a thriving Philadelphia neighborhood.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1491
- Latitude
- 39.9752
