1327 SNYDER AVE, PHILADELPHIA, PA 19148, photo 1 of 5
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1327 SNYDER AVE, PHILADELPHIA, PA 19148, photo 2 of 5
1327 SNYDER AVE, PHILADELPHIA, PA 19148, photo 3 of 5
1327 SNYDER AVE, PHILADELPHIA, PA 19148, photo 4 of 5
1327 SNYDER AVE, PHILADELPHIA, PA 19148, photo 5 of 5

1327 SNYDER AVE PHILADELPHIA, PA 19148

$1,000,000

Listed By Ryan J McManus, Compass Pennsylvania, LLC

Bedrooms

Total Baths

Full Baths

2,000

Square Feet

0.02

Acres

1915

Year Built

Active

Status

MLS#

PAPH2141748

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.

Details

Year Built
1915
Parking
No Info
Price / Sq Ft
$500
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
21 Days
Acres
0.02

Listing Office Compass Pennsylvania, LLC, 2673805813

MLS# PAPH2141748

Updated 8:10PM - 8/16/2022

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