175-00 W Berks St,PHILADELPHIA, PA 19122
PHILADELPHIA, PA 19122
Description
7-Unit Multifamily Investment Opportunity | Value-Add | West Kensington, Philadelphia 175 West Berks Street - Philadelphia, PA Positioned in the rapidly evolving West Kensington neighborhood, 175 West Berks Street presents an excellent opportunity to acquire a stabilized multifamily asset with strong upside potential. Surrounded by ongoing redevelopment and new residential construction, the property benefits from the continued growth and investment transforming the area. This 7-unit multifamily building consists of six one-bedroom apartments and one efficiency unit, offering a well-balanced unit mix attractive to renters seeking affordable housing near major employment and education hubs. Investors will appreciate the value-add opportunity through rent increases to current market levels, creating the potential to improve net operating income. Additionally, there may be the possibility of vertical expansion by adding additional floors, subject to verification with local zoning regulations. Investment Highlights 7-unit multifamily propertyUnit mix: 6 one-bedroom apartments, 1 efficiencyLocated in rapidly developing West KensingtonSurrounded by new multifamily construction and luxury residential developmentValue-add opportunity through rent increasesPotential development upside through vertical expansion (buyer to verify)Strong rental demand in a centrally located Philadelphia neighborhoodShowings:Please allow 24-48 hours' notice to coordinate access to the maximum number of units. Financials available upon request.
Details
| MLS # | PAPH2592362 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1910 |
| Days On Site | 211 |
| Listing Provided By | Keller Williams Real Estate - Newtown | Nick Desloges |
Features
| Units | 2 |
|---|---|
| Zoning | CMX2 |
| Acreage | 0.03 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7418 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19122) | |
Price: $650,000 low | high Med: $237,500 On site: 211 low | high Med: 114.5 | |
Market Activity 19122
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19122) | |
Price: $650,000 low | high Med: $237,500 On site: 211 low | high Med: 114.5 | |
