230 S 46Th Street Philadelphia, PA ^$ 1,349,000

230 S 46Th Street

^$ 1,349,000

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230 S 46Th Street

Philadelphia, PA, 19139

^$ 1,349,000

Studio Baths0.0 Sq 3,450

Monthly Estimate*

^$ 8,966

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Studio

Commercial Property for sale in Philadelphia, PA

for $1,349,000. This 3,450 square foot building was built in 2024 on a lot size of 0.05.

Welcome to 230 S 46th Street - An amazing investment opportunity in Spruce Hill. Step into luxury living with this newly developed FIVE unit building consisting of 1- 2bd/1ba, 1 - 3bd/2ba, 2 - studios, 1 - 2bd/2ba, and 1 OFF STREET PARKING SPOT. All of this building's mechanicals are brand new including plumbing electric, sprinkler system, and HVAC. Crafted with precision, designed for comfort, each unit offers a blend of modern elegance and timeless charm. Private rear shared outdoor space perfect for entertaining or relaxing. Units Features - Spacious floor plans bathed in natural light, Gourmet kitchens equipped with state-of-the-art Samsung appliances and sleek countertops, and luxurious bathrooms boasting spa-like amenities with exquisite finishes Current rent roll 2bd/2ba $1943 3bd/2ba $2500 Studio $1270 Studio $1270 2bd/1ba Projected $1850 $106,000 NOI $91,000 Cap Rate 6.75% Tenant responsible for all utilities Low operating expenses - Approved Tax abatement with brand new mechanical systems.

Commercial Active

Price

^$ 1,349,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,774

Style

Apartment Building

Lot Size

0.05

Year Built

2024

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2345564

Features

Interior

Heating Fuel Electric

Hot Water Electric

Heating Y/N Y

Street Suffix STREET

Central Air Y/N N

General

Sewer Public Sewer

Heating Central

Cooling None

Possession 31-60 Days CD

Zoning RM1

Construction Materials Masonry

Year Built 2024

Property SubType Five Or More Units

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Electric

Municipality PHILADELPHIA

Gross Income 109000.00

Business Type Apartment Building

Accessibility None

County PHILADELPHIA

Net Operating Income 92650.00

New Construction N

Property Type Commercial Sale

Subdivision Name SPRUCE HILL

Water Access Y/N N

Status ACTIVE

Directions 46th street

City PHILADELPHIA

Buyer Agent Compensation 2

Total Units 5

MLS Area 19139 (19139)

Lot Size Square Feet 2094.00

Waterfront Y/N N

Street Name 46TH

Tax Annual Amount 2774.0

Price Per Sq Ft Total 391.01

Vacation Rental Y/N N

Days on Market 29

Standard Status Active

Year Built Source Estimated

Tax Lot 121

Total Actual Rent 109000.00

Cap Rate 6.50

Buyer Agent Compensation Type % Of Gross

Exterior

Parking Features Paved Parking

Water Source Public

Type of Parking Driveway

Foundation Details Stone

Water View Y/N N

Building Area Total 3450.00

Lot Size Acres 0.05

Lot Size Units Square Feet

Lot Size Source Estimated

Land Assessed Value 39640.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 230

* Excluded Features

List By

Hightop Real Estate Llc

Broker

mbiimanagement@gmail.com

Affordability Calculator

$9,197

Per Month

Monthly Principal & Interest: $8,966
Monthly Property Taxes: $231
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Philadelphia, PA

Average List Price ^$974,402

Percent of Sale Price 28%

About Philadelphia, PA

1,588,239 Population

5% Since 2002

^$42,223 Median Income

36 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/19/2024	$1,349,000	-0.74%	Price Down
5/12/2024	$1,359,000	-1.45%	Price Down
5/6/2024	$1,379,000	-1.15%	Price Down
4/21/2024	$1,395,000		Listed Price

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230 S 46Th Street, Philadelphia, PA, 19139 is a Commercial Property for sale at $1,349,000 with 3,450 sqft and a lot size of 0.05. 230 S 46Th Street is a studio with 0.0 baths and was built in 2024. The property's zip code is 19139 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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230 S 46Th Street

Commercial Property for sale in Philadelphia, PA

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