Investor Opportunity – 2317 N. 33rd Street, Philadelphia, PA 19132
Fully renovated in 2024 with a tax abatement, this legally zoned 4-unit multifamily property presents an outstanding investment opportunity with immediate upside. The property features three 1-bedroom apartments, one studio apartment, and an additional income-producing efficiency space.
Investment Highlights:
* Legally zoned 4-unit multifamily property
* Fully renovated in 2024
* Tax abatement in place
* Projected Gross Annual Rental Income: $67,200
* Estimated Stabilized NOI: $51,900
* Approximate Stabilized Cap Rate: 8.0%
* Three 1-bedroom apartments, one studio apartment, and additional income-producing efficiency space
* Immediate lease-up opportunity with strong long-term rental income potential
* Ideal for investors and 1031 exchange buyers
A complete investment package, including the current rent roll, operating information, and additional financial details, is available upon request.
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Listing Snapshot
Price
$624,000
Days On Site
66 Days
Bedrooms
5
Inside Area (SqFt)
2,550 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1915
MLS® Number
PAPH2646168
Status
Active
Property Tax
$2,410
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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