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1735 S 23rd St
Philadelphia, PA 19145
POINT BREEZE 5PLEX · Multifamily Property For Sale
·
5 Units
Investment Highlights
- TURNKEY APARTMENT BUILDING
- COVETED NEIGHBORHOOD IN PHILLY
- HIGH-DEMAND REAL ESTATE
- 10YR TAX ABATEMENT
- TOP 10 USA MSA
- BOUTIQUE MULTIFAMILY PROPERTY
Executive Summary
This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.65% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.
Property Facts
| Price Per Unit | $280,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.65% | Building Size | 8,653 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Mid-Rise | ||
| Zoning | RM1 - Residential Mixed/Multi-Family | ||
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,653 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2021 |
| Zoning | RM1 - Residential Mixed/Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 1 | - | - |
| 3+3 | 2 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $583,240 | |
| Land Assessment | $118,960 | Total Assessment | $702,200 |
Property Taxes
Parcel Numbers
Land Assessment
$118,960
Improvements Assessment
$583,240
Total Assessment
$702,200
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
POINT BREEZE 5PLEX | 1735 S 23rd St
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