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2937 Page St, Philadelphia, PA 19121 2937 Page St 5 Unit Apartment Building $1,190,000 ($238,000/Unit) 7% Cap Rate Philadelphia, PA 19121



EXECUTIVE SUMMARY
We are pleased to present the opportunity to acquire a turnkey, stabilized multifamily asset on a 7.0% proforma cap rate in North Philadelphia West, featuring 5 spacious residential units and a full 10-year tax abatement. Acquire this high-quality, low-maintenance, new-construction property just completed in Q3 2024. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia West (19121) submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 323094700 | Improvements Assessment | $611,550 |
| Land Assessment | $67,950 | Total Assessment | $679,500 |
PROPERTY TAXES
Parcel Number
323094700
Land Assessment
$67,950
Improvements Assessment
$611,550
Total Assessment
$679,500
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2937 Page St, Philadelphia, PA 19121 | 2937 Page St
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