2400 Venango St Philadelphia, PA 19134-4618
Property profile & analytics
2400 Venango St Philadelphia, PA 19134-4618
- Industrial properties
- 11,783 SF
- 0.86 lot acres
Property ID
US73-1947026
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 2400 Venango St
- Year built
- 1956
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.86 lot acres
- Property size
- 11,783 SF
- Zone code
- ICMX
- Property type
- Industrial properties
- APN
- 88-4-8393-00
- APU
- 884839300
Description
This exceptional investment opportunity presents a fee-simple ownership of Rev Row, a brand-new, 30-unit townhome development in Philadelphia's vibrant Port Richmond neighborhood. Completed in 2024, this Class B multifamily property boasts 76,500 square feet of net rentable space across two, three-story buildings situated on a 37,500 square-foot lot. The property features a compelling 7.63% cap rate, generating a substantial net operating income (NOI) of $1,370,687. Priced at $17,970,000, this translates to $599,000 per unit. The property is pre-certificate of occupancy (CO) qualified as an Opportunity Zone investment, offering significant tax advantages. An existing property management team is in place to facilitate seamless leasing upon closing. With 38 square feet of air rights, potential for future expansion exists. This turnkey investment provides immediate cash flow in a rapidly appreciating market area. The property's unique design and prime location make it an attractive option for renters, ensuring strong occupancy rates and a secure return on investment. This is a rare opportunity to acquire a high-performing, newly constructed multifamily asset in a desirable Philadelphia location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,730,000
- ML approach
- $3,315,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $3,650,000
- APARTMENT HOUSE (5+ UNITS)
- $3,275,000
- OFFICE BUILDING
- $3,000,000
- MEDICAL BUILDING
- $2,895,000
- NEIGHBORHOOD: SHOPPING CENTER
- $2,185,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.0966
- Latitude
- 39.9924
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,313
$118,780
$475,120
$593,900
-
$118,780
$475,120
$593,900
