Contacts

Brian Ashby, CCIM

Emory Hill Real Estate Services

Property Details

Property Type Multi-Family
Property Size 12,542 SF
Units 15
Additional Rent Contact for pricing
Date Updated Nov 14, 2024

With the 2nd most populous Central Business District in the country, Philadelphia is centrally located on the northeast corridor with 80% of the US population within a 1 day drive (defined as 500 miles). More than 46 million people live within a 200 mile radius of Philadelphia. Located half way between Washington DC and New York City on I-95, Philadelphia has long been a cost effective alternate to its more expensive cost of living neighboring cities. According the NAHB, Philadelphia ranks 1st among major metros in housing value and opportunity.This portfolio is comprised of 15 units over 4 locations. Two duplexes, a triplex, and an eight unit building with a single car garage. All properties are located in Philadelphia neighborhoods of Sharswood and Olde Kensington. Per bestplaces.net, the 19133 (Olde Kensington) zip code has enjoyed 17.3% home appreciation in the last 10 years. It also has a robust market for renters making up 45.3% of the population. Home appreciation in the 19121 zip code (Sharswood) has been 19.8% over the last 10 years . Renters make up 49.8% of the population. All of these properties have undergone full gut renovations and were stripped down to the studs. Many of the layouts were reconfigured. Each property was then rebuilt with new electric, plumbing, hvac, roofing, windows, curb traps where necessary, appliances, kitchens, bathrooms, etc... Each property has a 10 year tax abatement secured and most are still in process with the city and have not begun. Ridge Ave has been completed as of 2/1/23.

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Highlights

2323 N 2nd St Philadelpiha PA 19133 (3 units)
2527 N Front St Philadelphia PA 19133 (2 units)
2118 W Master St Philadelphia PA 19121 (2 units)
2626-28 Ridge Ave Philadelphia PA 19121 (8 units + Garage)

Attachments

Getting around

94/100
Walk Score ®
69/100
Transit Score ®
81/100
Bike Score ®

Powered by Walk Score ®

City Philadelphia, PA
Neighborhood Kensington South
Zip Code 19133
Market Philadelphia

Points of Interest

Girard Avenue & 3rd Street

0.29 miles
Girard Avenue & 2nd Street

0.30 miles
Girard Avenue & 4th Street

0.30 miles
Girard Avenue & 5th Street

0.36 miles
Girard

0.39 miles
Girard Avenue & Front Street

0.40 miles
Girard Avenue & Frankford Avenue

0.45 miles
Frankford Avenue & Girard Avenue

0.46 miles
Berks

0.47 miles
Girard Avenue & 7th Street

0.50 miles

Liberty

0.58 miles
Lukoil

0.92 miles
BP gas

1.02 miles
Sunnoco

1.03 miles
J&H Car Charging Station

1.13 miles
Wawa

1.15 miles
Sunoco

1.29 miles
Conoco

1.29 miles
Speedway

1.29 miles
eVgo

3.18 miles

West Parking Lot

0.21 miles
South Parking Lot

0.25 miles
Girard Medical Center Garage

0.54 miles
Philadelphia Police 26th District Parking Lot

0.69 miles
Rivers Casino Philadelphia Parking Lot

0.73 miles
Temple University Lot

0.75 miles
Montgomery Garage

0.78 miles
Bell Garage

0.79 miles
Rivers Casino Philadelphia Parking Garage

0.81 miles

Wm. Mulherin's Sons Hotel

0.30 miles
Conwell Inn

1.02 miles
Henry

1.05 miles
Holiday Inn Express Philadelphia E - Penns Landing

1.46 miles
Best Western Plus

1.50 miles
Clarion Suites Philadelphia

1.56 miles
Wyndham Philadelphia Historic District

1.56 miles
Four Points by Sheraton Philadelphia City Center

1.60 miles
The Philadelphia House

1.61 miles
Sleep Inn Center City

1.62 miles

Acme

0.34 miles
Grocery Outlet

0.35 miles
3J's Food Market

0.47 miles
Giant

0.50 miles
Cousin's

0.54 miles
Castellino's Italian Market

0.59 miles
Riverwards Produce

0.61 miles
The Fresh Grocer

0.96 miles
Target

1.02 miles
The Richmond Shops IGA

1.09 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Portfolio of 4 Assets For Sale Olde Kensington & Sharswood