531 19Th St Philadelphia, PA 19130
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 531 19Th St
- Property type
- Commercial real estate
Description
This exceptional three-unit apartment building is situated in the desirable Fairmount neighborhood of Philadelphia, Pennsylvania. The property boasts a mix of spacious floor plans, including two two-bedroom/two-bathroom units and one one-bedroom/one-bathroom unit. All units are currently rented below market rate, presenting a significant opportunity for immediate value enhancement through rent increases. The building's strong rental income stream is further complemented by the potential to add an additional residential unit in the basement, subject to necessary permits and approvals. This expansion opportunity would significantly increase the property's overall return on investment. Residents of the ground floor unit enjoy the benefit of a beautiful private outdoor area. The property's address is 531 N 19th St, Philadelphia, PA 19130. Its convenient location within the affluent Fairmount neighborhood offers residents easy access to a variety of amenities, including excellent restaurants, shops, and parks. This well-maintained building represents a compelling investment opportunity for discerning buyers seeking strong cash flow and significant upside potential in a highly sought-after Philadelphia location. The property is conveniently located near public transportation and major roadways, ensuring easy access to the rest of the city. This is a rare opportunity to acquire a multi-family property with immediate income and substantial long-term growth potential in a thriving urban neighborhood.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1690224
- Latitude
- 39.9642955
