0.3 Acres Lot
0.3 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Germantown
MLS Listing ID PAPH2609030
Year Built 1900
Annual Tax Amount $30,960
Tax Year 2025
Lot Size 0.295 Acres
Acres 0.3
Lot Dimensions 152.00 x 93.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
4700 Stenton Avenue is an adaptive reuse property consisting of 26 apartment units, featuring a mix of 58% one-bedroom units and 42% two-bedroom units. The Property offers functional layouts and modern kitchens with an industrial feel, providing residents with comfortable living spaces in a stable, workforce housing environment.
The Property is currently 88% occupied with an average in-place rent of $995 per unit, demonstrating consistent tenant demand within the submarket. Based on the current rent roll and pro forma, there is meaningful upside potential through lease-up of vacant units and mark-to-market rent increases.
The asset provides investors with stable in-place cash flow and the opportunity to increase net operating income through operational improvements, improved occupancy, and continued rent growth. It is expected to grow steadily as the surrounding neighborhood continues to gentrify.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning ICMX
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Heat Source Other
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881442805
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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