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Listed by Samantha Lee Miller • Select Commercial Advisors
$ 1,549,000
Est. payment /mo
Under Contract
4215 MANAYUNK AVE Philadelphia, PA 19128
2,874 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID PAPH2483614
Year Built 2017
Available Date 2025-05-21
Annual Tax Amount $2,435
Tax Year 2024
Lot Size 2,874 Sqft
Acres 0.07
Lot Dimensions 30.00 x 96.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
4215 Manayunk Avenue is a six-unit, income-producing mixed-use asset in the highly-desirable Manayunk-Roxborough submarket, featuring 5 spacious residential units and 1 commercial space. Acquire a high-quality, low-maintenance property at an in-place 7.0% cap rate, completed in 2018 with a blend of historic renovation plus a new construction addition. Approximately three years remain on the full 10-year tax abatement, offering substantial property tax savings. A unit mix of three x two beds and two x three-beds with quality, modern finishes, private outdoor space, and a roof deck guarantees high tenant appeal. The property currently has an assumable Freddie Mac loan in place at a 4.97% interest rate through May 2026. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in the coming years and presenting a unique opportunity for investors to acquire a turnkey, income-producing asset with long-term upside.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning CMX1
Interior
Hot Water Electric
Heating Other
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Water Access N
View City
Roof Type Fiberglass
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 881079152
Ownership Fee Simple
Special Listing Condition Standard
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