1234 N 30th St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
$136,920 Gross Annual Rents & Fully Occupied ! Prime Brewerytown Investment Opportunity - Fully Occupied 7-Unit Condo-Ready Building. Welcome to 1234 N. 30th Street, Units 1-7, a fully occupied 7-unit multifamily asset located in the heart of Brewerytown, one of Philadelphia's most rapidly appreciating neighborhoods. The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,410 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment. What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies: - Continue operating as a stabilized income-producing rental - Sell individual condo units separately over time - Implement a hybrid strategy combining rentals and condo sales All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal. Located just minutes from Center City, major universities, public transportation, and Brewerytown's expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth. This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia's hottest submarkets.
Details
| MLS # | PAPH2576886 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2014 |
| Days On Site | 227 |
| Listing Provided By | EXP Realty, LLC | Guillermo Salas III |
Features
| Units | 7 |
|---|---|
| Zoning | RSA5 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Other |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 20271 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19121) | |
Price: $1,400,000 low | high Med: $199,900 On site: 227 low | high Med: 174 | |
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) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19121) | |
Price: $1,400,000 low | high Med: $199,900 On site: 227 low | high Med: 174 | |
