2323 N 2Nd St Philadelphia, PA 19133
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 2323 N 2Nd St
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a portfolio of fifteen meticulously renovated apartment units spread across four distinct locations in Philadelphia's desirable Olde Kensington and Brewerytown neighborhoods. The portfolio comprises two duplexes, one triplex, and an eight-unit building, all boasting a combined net rentable area of 12,452 square feet. Each property underwent a complete gut renovation between 2021 and 2023, extending to the studs. This comprehensive renovation included the replacement of all electrical, plumbing, and HVAC systems, as well as new roofing, windows, and curb traps where needed. Modern kitchens and bathrooms were installed in every unit, along with updated appliances. The thoughtful renovations also involved reconfiguring many of the unit layouts to maximize efficiency and appeal. Adding significant value, each property benefits from a secured 10-year tax abatement, with many still in the process of finalization with the city. The properties are strategically located at 2323 N 2nd St (19133), 2527 N Front St (19133), 2118 Master St (19121), and 2626-28 Ridge Ave (19121), offering investors exposure to two thriving Philadelphia neighborhoods known for strong rental demand and significant home appreciation. The eight-unit building also includes a single-car garage. This turnkey portfolio represents a rare opportunity to acquire a high-quality, income-producing asset in a rapidly appreciating market. The asking price for this exceptional investment is $3,355,000.
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
- -75.1358837
- Latitude
- 39.9859439
