1309 52nd St Philadelphia, PA 19131-4412

This exceptional Class A, 5-unit apartment building in Philadelphia's University City (19143 zip code) presents a compelling investment opportunity. Built in 2021 as ground-up new construction, this property boasts a 7.44% cap rate and a strong NOI of $92,962. Each of the five units features two bedrooms and two full bathrooms, complete with a full appliance package, in-unit washer/dryer, built-in surround sound, and security systems. Four of the five units are currently rented. The property benefits from an eight-year remaining tax abatement, significantly reducing annual real estate taxes (less than $500 annually). Its prime location near Penn Medicine University City, Children's Hospital of Philadelphia, and the University of Pennsylvania ensures high occupancy and strong rental demand. The meticulously maintained building offers classic charm and exceptional curb appeal. The open floor plans, abundant natural light, and contemporary finishes create an inviting atmosphere for tenants. This multi-family investment offers enduring value and significant growth potential in a rapidly developing neighborhood. The asking price is $1,250,000, or $250,000 per unit. The permitted zoning is multi-family.