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1425 Jackson Street

PHILADELPHIA, PA 19145
  • $728,500
  • STATUS: Active
  • ON SITE: 186 Days
  • MLS #: PAPH2141712
Price Reduced
UPDATED: 110 min ago
$728,500
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,800
    SQFT
  • $405
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

1425 Jackson is a boutique quadplex (4 units) in the East Passyunk submarket of Philadelphia, Pennsylvania. This value-add multi-family building is situated just off Passyunk Ave with easy access to the broad street train line.East Passyunk Avenue is home to over 160 independently-owned businesses - from top dining spots, to unique boutiques, services, and beyond. Just off Passyunk Avenue reveals even more exciting finds that highlight the neighborhood+GGs blend of old-school charm and influx of dynamic new energy. Walk to everything - coffee shops, grocery, train, park, river, restaurants, pubs etc. The Property consists of three (3) one-bed units and one (1) two-bed unit. Rents are substantially under market and major rental upside exists for future ownership. Enquire within for financials. Offered as-is.The subject property is also available as 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: 736 S 8th St; 763-5 S 8th St; 2702 Dothan Plaza; 1327 Snyder Ave; 1425 Jackson St.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-28T23:50:00.787.
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1425 Jackson Street PHILADELPHIA, PA 19145

  • Price: $728,500
  • Status: Active
  • On Site: 186 Days
  • Updated: 110 min ago
  • MLS #: PAPH2141712
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1,800
SQFT
$405
$/SQFT
1920
Built
Neighborhood:
Newbold
County:
Philadelphia
Area:
19145 (19145)
School District:
The School District Of Philadelphia
Property Description
1425 Jackson is a boutique quadplex (4 units) in the East Passyunk submarket of Philadelphia, Pennsylvania. This value-add multi-family building is situated just off Passyunk Ave with easy access to the broad street train line.East Passyunk Avenue is home to over 160 independently-owned businesses - from top dining spots, to unique boutiques, services, and beyond. Just off Passyunk Avenue reveals even more exciting finds that highlight the neighborhood+GGs blend of old-school charm and influx of dynamic new energy. Walk to everything - coffee shops, grocery, train, park, river, restaurants, pubs etc. The Property consists of three (3) one-bed units and one (1) two-bed unit. Rents are substantially under market and major rental upside exists for future ownership. Enquire within for financials. Offered as-is.The subject property is also available as 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: 736 S 8th St; 763-5 S 8th St; 2702 Dothan Plaza; 1327 Snyder Ave; 1425 Jackson St.
Exterior Features

Architectural Style Transitional Construction Materials MasonryBrick Garage YN No Location Type Urban Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1800 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN Yes Cooling Fuel Natural Gas Cross Street Carlisle St Foundation Details Other Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Original MLSNumber 801752537372 Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 5420.00 Tax Assessment Amount 387200.00 Tax Lot 40 Vacation Rental YN No Water Source Public Zoning Rsa5

Listing courtesy of Compass Pennsylvania, Llc: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-28T23:50:00.787.
 
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