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Property Description

1327 Snyder is a boutique 5-plex (5 units) in the East Passyunk submarket of Philadelphia, Pennsylvania. The subject property is part of a larger portfolio of extremely well-maintained boutique apartment buildings offered by Ownership as a package sale of 5 buildings (25 units) plus a rarely offered 15-unit prime multifamily development parcel in the desirable “Italian Market” area of South Philadelphia. “The Properties” are located within 1.5M of one another, with the exception of one asset that is located near Philadelphia International Airport (ideal Airbnb conversion). “The Portfolio” offers tremendous critical mass in one of the most attractive locations in Philadelphia. 3 of 5 properties are located right off Cianfrani Park, a popular neighborhood attraction. “The Properties” are walkable to many of South Philly’s top amenities, parks, restaurants, cafes, schools and transit stops. This is a generational acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained each asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating “The Portfolio” as is. “The Portfolio” is 100% leased and occupied, including the two (2) commercial spaces. “The Portfolio” consists of: 713-15 Mildred St; 736 S 8th St; 763-5 S 8th St; 2702 Dothan Plaza; 1327 Snyder Ave; 1425 Jackson St.

Features
: City
0
: Masonry
N
: Natural Gas
: Natural gas
: Natural gas
0
: Corner
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N
MLS Addon
Compass Pennsylvania, LLC
Ryan J McManus
Annually
Annually
801520770466
THE SCHOOL DISTRICT OF PHILADELPHIA
0 Acre
2,000 Acre
0
0 Acre
No
: Standard
$6,117
2022
CMX2
: Public Sewer
: Public
Apartment Building
Commercial Features
0 Acre

Commercial Sale

1327 SNYDER AVENUE, PHILADELPHIA, Pennsylvania 19148

0.02 Acre
$975,000
Listing ID #PAPH2141748
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PAPH2141748
Price : $975,000
Year Built : 1915
Lot Size : 0.02 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19148
Status : ACTIVE
Subdivision Name : EAST PASSYUNK CROSSING
Property Sub Type : Five Or More Units
Price Per SQFT : $488
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