1230 Marshall St Philadelphia, PA 19122

Property Details for 1230 Marshall St

Year built

2023

Property size

5,300 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a newly constructed, six-unit apartment building in Philadelphia, PA, boasting a 6.37% cap rate and a strong 90% occupancy rate as of July 1, 2023. The property, located at 1230 N Marshall St, 19122, features 5,300 square feet across three stories, with each unit commanding a price of $266,667. The building's prime location near Temple University, Northern Liberties, and Fishtown ensures consistent tenant demand. Modern amenities include a rooftop deck, while individual units showcase contemporary finishes, open floor plans, hardwood flooring, gourmet kitchens with stainless steel appliances and granite countertops, and large windows. Built in 2023, the building incorporates energy-efficient features such as LED lighting and a high-efficiency HVAC system, minimizing utility costs. Enhanced security measures include 24/7 surveillance, secure entry, and intercom access. The asking price is $1,600,000, resulting in a price per square foot of $301.89. Excellent public transportation and highway access further enhance the property's appeal. This stabilized investment offers significant rental income potential and represents a compelling addition to any real estate portfolio. The Net Operating Income (NOI) is $101,854.