Description
These well-maintained boutique apartment buildings are being offered by Ownership as a package sale (or individual) including the 5-plex (5 units) at 1327 Snyder and the quadplex (4 units) at 1425 Jackson. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating as is. Rents are approximately 35% below market and have not been raised historically. Each asset is within walking distance, providing critical mass and ease of management.
1425 Jackson is a boutique quadplex (4 units) in the East Passyunk submarket of Philadelphia, Pennsylvania. This value-add multifamily building is situated just off Passyunk Ave with easy access to the Broad Street Septa train line. The Property consists of three (3) one-bed units and one (1) two-bed unit. 1327 Snyder is a boutique 5-plex (5 units). This value-add multifamily building is situated on a corner lot at Snyder and South Juniper Street just off Passyunk Ave aka "Restaurant Row." The Property consists of five (5) one-bed units. East Passyunk Avenue is home to over 160 independently-owned businesses - from top dining spots, to unique boutiques, services, and beyond. The neighborhood blends old-school charm with an influx of dynamic new energy. Walk to everything - coffee shops, grocery, train, park, river, restaurants, pubs etc. 1327 Snyder and 1425 Jackson are available individually or as a 9-Unit package. Enquire within for financials. Offered as-is.
Location
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 26th March, 2023 1:50 AM (UTC)
