2702 DOTHAN PLZ, PHILADELPHIA, PA 19153, photo 1 of 5
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2702 DOTHAN PLZ, PHILADELPHIA, PA 19153, photo 2 of 5
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2702 DOTHAN PLZ PHILADELPHIA, PA 19153

$299,999

Listed By Ryan J McManus, Compass Pennsylvania, LLC

Bedrooms

Total Baths

Full Baths

1,800

Square Feet

0.04

Acres

1965

Year Built

Active

Status

MLS#

PAPH2141754

2702 Dothan Plaza is a boutique duplex (2 units) with garage parking in the Eastwick submarket of Philadelphia, Pennsylvania (right by PHL International Airport). 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
1965
Parking
2
Price / Sq Ft
$167
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
24 Days
Acres
0.04

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Compass Pennsylvania, LLC, 2673805813

MLS# PAPH2141754

Updated 12:21AM - 8/19/2022

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright 2022 Bright MLS. All rights reserved.

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