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321 Berks St 321 W Berks St 3 Unit Apartment Building $900,000 ($300,000/Unit) 7.72% Cap Rate Philadelphia, PA 19122
INVESTMENT HIGHLIGHTS
- Fully Occupied
- Full sun and excellent street parking
- All units have private outdoor space
- Tax Abatement Through 2032
- Excellent access to commuter transportation
- Short walk to Fishtown and grocery stores
EXECUTIVE SUMMARY
FULL TAX ABATEMENT THROUGH 2032! - FULLY OCCUPIED!!!
Located just outside the Fishtown market in the hyper-development zone of Norris Square/West Kensington, these three units offer flexible floor plans, high ceilings, large windows, private exterior space, and a contemporary feel. Each unit includes a washer and dryer, modern kitchens with shaker-style cabinetry, subway tile, Quartz counter tops, and stainless-steel appliances. Bedrooms feature ample closet space. Close to Center City, Norris Square Park, and various restaurants, shops, and bars. Walking distance to Evil Genius Brewery, Human Robot, and more. Near Temple University and public transit.
Located just outside the Fishtown market in the hyper-development zone of Norris Square/West Kensington, these three units offer flexible floor plans, high ceilings, large windows, private exterior space, and a contemporary feel. Each unit includes a washer and dryer, modern kitchens with shaker-style cabinetry, subway tile, Quartz counter tops, and stainless-steel appliances. Bedrooms feature ample closet space. Close to Center City, Norris Square Park, and various restaurants, shops, and bars. Walking distance to Evil Genius Brewery, Human Robot, and more. Near Temple University and public transit.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Sunroom
- Yard
- Deck
- Handrails
- Pantry
- Patio
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3 | 1 | $2,550 | 1,975 |
| 2+1 | 2 | $1,963 | 988 |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (80)
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321 Berks St | 321 W Berks St
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