7-Unit Value-Add Opportunity in East Passyunk
1319 S Broad St, 19148
7 Units
7 Bedrooms
7 Bathrooms
Zoned: RSA5 (Grandfathered to multi-fam)
Lot SF: 2,526
Building SF: 5,104
Pro-Forma Gross Rent: $9,800/month
True value-add opportunity with existing cash flow from partial occupancy which enables new ownership to implement a phased approach
Highly desirable location
Existing rents are 20-25% below market value
Building is offered below market per door pricing
Price $1,300,000
Click here for Executive Summary: https://drive.google.com/file/d/1c04dXjrXPf9Ht1LWovLxO0-T0Dr9vU3S/view?usp=share_link
Click here for comps:
https://drive.google.com/file/d/1DN-0v_dpAF_iV9k4PqAXBXcX9Cuvnx6m/view?usp=share_link