Listed By:
Hightop Real Estate LLC
230 S 46Th Street, Philadelphia, PA
$ 1,349,000
Property Attributes
  • MLS#PAPH2345564
  • TypeCommercial
  • CityPhiladelphia
  • Area19139
  • NeighborhoodSpruce Hill
  • Zip19139
  • StyleApartment Building
  • Year Built2024
  • Taxes$ 2774
  • Price$ 1,349,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3450
  • Lot Size0.05 Acres
Data Source:
Bright MLS
Property Description

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. All of this building's mechanicals are brand new including 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. 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 $1943 3bd/2ba $2500 Studio $1270 Studio $1270 2bd/1ba Projected $1850 $106,000 NOI $91,000 Cap Rate 6.75% Tenant responsible for all utilities Low operating expenses - Approved Tax abatement with brand new mechanical systems.

Price History
4/21/2024 Listed $1,395,000
5/6/2024 2% - $1,379,000
5/12/2024 2% - $1,359,000
5/19/2024 1% - $1,349,000

General Features

Sewer Public Sewer
Heating Central
Cooling None
Possession 31-60 Days CD
Zoning RM1
Construction Materials Masonry
Year Built 2024
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 109000.00
Business Type Apartment Building
Accessibility None
Net Operating Income 92650.00
New Construction No
Property Type Commercial Sale
Subdivision Name SPRUCE HILL
Water Access Y/N No
Directions 46th street
ModificationTimestamp 2024-05-19T10:09:52
Buyer Agent Compensation 2
Total Units 5
MLS Area 19139 (19139)
Lot Size Square Feet 2094.00
Tax Assessed Value 198200.0
Waterfront Y/N No
Street Name 46TH
Tax Annual Amount 2774.0
Price Per Sq Ft Total 391.01
Vacation Rental Y/N No
Days on Market 29
Standard Status Active
Year Built Source Estimated
Tax Lot 121
Total Actual Rent 109000.00
Cap Rate 6.50
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Parking Features Paved Parking
Water Source Public
Total Parking Spaces 1
Type of Parking Driveway
Land Use Code N50
Foundation Details Stone
Water View Y/N No
Building Area Total 3450.00
Lot Size Acres 0.05
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 39640.00
Navigable Water Y/N No
Water Oriented Y/N No
Car Parking Spaces 1


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19139

AVG $430K
AVG $5,401
AVG 155
Data Provided by Inside Real Estate®
Year Built
AVG 1937

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