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Welcome to 230 S 46th Street - An amazing investment opportunity in Spruce Hill. Step into luxury living with this newly developed FIVE unit building consisting of 1- 2bd/1ba, 1 - 3bd/2ba, 2 - studios, 1 - 2bd/2ba, and 1 OFF STREET PARKING SPOT. This building has been gutted to the studs with BRAND NEW plumbing electric, sprinkler system, and HVAC. Crafted with precision, designed for comfort, each unit offers a blend of modern elegance and timeless charm. Private rear shared outdoor space perfect for entertaining or relaxing. 7.38 Cap Rate!!! Units Features - Spacious floor plans bathed in natural light, Gourmet kitchens equipped with state-of-the-art Samsung appliances and sleek countertops, and luxurious bathrooms boasting spa-like amenities with exquisite finishes Current rent roll 2bd/2ba $1993 3bd/2ba $2500 Studio $1310 Studio $1310 2bd/1ba Projected $1800 $108,156 Annual Rent 7.38 CAP!! $97,382 NOI Low operating expenses - Approved Tax abatement with brand new mechanical systems.
| DAYS ON MARKET | 49 | LAST UPDATED | 8/28/2024 |
|---|---|---|---|
| TRACT | SPRUCE HILL | YEAR BUILT | 2024 |
| COMMUNITY | 19139 (19139) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Aug 5, '24 | $1,389,000 |
|---|---|
| Aug 5, '24 - Aug 28, '24 | $1,329,000 |
| Aug 28, '24 - Today | $1,319,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | 19139 (19139) |
| HEAT | Central, Electric |
| LOT | 2178 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | SPRUCE HILL |
| TAXES | 2774 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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