2326-28 9Th St Philadelphia, PA 19133
- Apartment buildings
- 16,000 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2326-28 9Th St
- Year built
- 2024
- Property size
- 16,000 SF
- Property type
- Apartment buildings
Description
This newly constructed (2024) 13-unit apartment building in Philadelphia's Hartranft neighborhood presents a compelling investment opportunity. The property boasts a mix of four two-bedroom, one-bathroom units and nine two-bedroom, two-bathroom units, three of which are larger. Unit sizes average 674, 785, and 846 square feet, commanding competitive market rents. The 16,000 square foot building sits on a 4,137 square foot lot and features a full 10-year tax abatement, significantly enhancing its long-term value. High-end finishes include stainless steel appliances, LVP flooring, tile backsplashes and bathrooms, modern cabinetry, and in-unit washers and dryers. Building amenities include a secure package room, shared rooftop space, bike storage, four designated parking spaces, and 13 basement storage units. Tenants pay electricity directly and a $50 monthly water fee. Its prime location near Temple University, the Broad Street corridor, and public transportation ensures high occupancy rates. The vibrant neighborhood offers numerous cafes, restaurants, and entertainment options, attracting students, faculty, and professionals. The property's 9,943 square feet of net rentable space, combined with its desirable features and location, makes it an exceptional investment prospect within the RM1 zoned area. The building is a single four-story structure.
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
- -75.1491
- Latitude
- 39.9877
