1947 N 33rd St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
Details
| MLS # | PAPH2471978 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active-bright |
| Year | 2020 |
| Days On Site | 66 |
| Listing Provided By | Select Commercial Advisors | Samantha Lee Miller |
Features
| Story(s) | 5 |
|---|---|
| Units | 5 |
| Zoning | RM1 |
| Acreage | 0.05 |
| Property View | Park, Greenbelt |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Brick Front, Concrete, Mixed |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Property | 1275 |
|---|
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | NONE AVAILABLE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $1,375,000 low | high Med: $374,900 On site: 66 low | high Med: 54 | |
 | $1,250,000644 N 32nd StPhiladelphia, PA 19104 |
