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Listed by Ryan McManus • Keller Williams Liberty Place
$ 920,000
Est. payment | /mo
$ 920,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Roxborough
MLS Listing ID PAPH2521250
Year Built 1900
Annual Tax Amount $10,586
Tax Year 2024
Lot Dimensions 39.00 x 150.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
359 Lyceum is a light VALUE-ADD QUADPLEX (4 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. 359 Lyceum is comprised of two (2) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with PRIVATE DRIVEWAY for 1:1 tenant parking and AND a private 1bd x 1ba BONUS BUNGALOW UNIT. Invest in a Top-10 USA MSA with this 8% CAP MULTIFAMILY real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials. The bonus bungalow unit will not qualify for financing; deal must be structured as 4-unit acquisition.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Flooring Hardwood
Heat Source Central
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Private Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 212098600
Ownership Other
Special Listing Condition Standard
Nearby Locations
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Karim Davidson
REALTOR® | Lic# RS348733