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1930 E Stella St E Stella Street

PHILADELPHIA, PA 19134
  • $4,550,000
  • STATUS: Active Under Contract
  • ON SITE: 409 Days
  • ID#: PAPH2194636
Under Contract
UPDATED: 34 min ago
$4,550,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

SELLER FINANCING AVAILABLE! CONTACT LISTING AGENT FOR MORE INFORMATION.Introducing an exceptional investment opportunity, brought to you by the Philly Home Advisors team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulouslymaintained to this day, now for sale due to current owners wanting to retire.The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- SQ ft lot, 6 bay small rental garage spaces, and a 30,000 +/- SQ ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development.The residential units are fully occupied, grossing $317,400 annually in rent with all tenants paying on time - does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rent by at least 20% with no capital investment. Thewarehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15-$9 per SQ ft annually.With minimal investment, this portfolio offers endless opportunities for future value and current rentalincreases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having allproperties on one block makes managing this portfolio a breeze.Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare andunique investment opportunity not to be missed. Contact us now to schedule a tour and secure yourinvestment in this highly sought-after location.

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©2024 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 Jim Bass Group, Real Estate Teams, LLC. 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: 2024-03-04T22:51:09.763.
www.jimbassgroup.com/homes/136231009
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1930 E Stella St E Stella Street PHILADELPHIA, PA 19134

  • Price: $4,550,000
  • Status: Active Under Contract
  • On Site: 409 Days
  • Updated: 34 min ago
  • ID#: PAPH2194636
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1940
Built
Neighborhood:
19134 (19134)
County:
Philadelphia
Area:
19134 (19134)
School District:
The School District Of Philadelphia
Property Description
SELLER FINANCING AVAILABLE! CONTACT LISTING AGENT FOR MORE INFORMATION.Introducing an exceptional investment opportunity, brought to you by the Philly Home Advisors team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulouslymaintained to this day, now for sale due to current owners wanting to retire.The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- SQ ft lot, 6 bay small rental garage spaces, and a 30,000 +/- SQ ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development.The residential units are fully occupied, grossing $317,400 annually in rent with all tenants paying on time - does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rent by at least 20% with no capital investment. Thewarehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15-$9 per SQ ft annually.With minimal investment, this portfolio offers endless opportunities for future value and current rentalincreases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having allproperties on one block makes managing this portfolio a breeze.Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare andunique investment opportunity not to be missed. Contact us now to schedule a tour and secure yourinvestment in this highly sought-after location.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Urban Parking Features Private Parking Types On StreetPrivate Garage Riparian Rights YN No Roof Flat View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 30000.00 Cooling None Heating 90% Forced Air Heating YN Yes Net Square Feet 24510.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingAuto RelatedBanquet Facility/LodgeDay Care FacilityFlexHealth ClubHotel/MotelInstitutionalManufacturingMedicalPad SiteParking GarageParking LotProfessionalReligious FacilityStorageTruck Maintenance FacilityWarehouseOther Central Air YN No Cooling Fuel Electric Cross Street EMERALD ST Electric 200+ Amp Service Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 31200.00 Maintenance Expense 31740.00 Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 27 Operating Expense 116632.00 Operating Expense Includes InsuranceManagement FeesRepair/MaintenanceOther Original MLSNumber 802108850332 Ownership Interest Fee Simple Possession 0-30 Days CD Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 6861.00 Tax Assessment Amount 490200.00 Tax Lot 708 Total Actual Rent 317400.00 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhone Vacation Rental YN No Water Source Public Zoning RSA5

Listing courtesy of BHHS Fox & Roach-Center City Walnut: .


©2024 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 Jim Bass Group, Real Estate Teams, LLC. 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: 2024-03-04T22:51:09.763.
 
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