$900,000
2646-48 Manton St, Philadelphia, PA, 19146
3,086
Square feet
0.02
Acres
Situated in the burgeoning neighborhood that borders Graduate Hospital and Point Breeze, 2646-48 Manton St offers a fantastic investment opportunity. This triplex comprises three fully occupied residential condominium units, consisting of (2) two-bedroom units and (1) three-bedroom unit. Each unit boasts contemporary finishes, in-unit washer and dryers, central air conditioning, and generous ceiling heights. The property presents the option for a new owner to sell off individual condo units if desired. Conveniently located within walking distance of a neighborhood shopping plaza anchored by The Fresh Grocer, as well as a diverse selection of restaurants and shops along the Grays Ferry Avenue and Washington Avenue commercial corridors, residents have access to a plethora of amenities. Easy commuting is facilitated by the nearby Schuylkill Expressway (Interstate 76), providing swift access to University City and Center City. Furthermore, residents enjoy close proximity to Pennovation Works, the University of Pennsylvania's expansive 23-acre innovation hub. Additionally, the property includes basement storage units in 2648 (available for tenants in units #2 and #3) and a 650 SF roof deck for Unit #3. With a current monthly rental income of $6,190 and a 6.5% pro forma cap rate, this property represents an enticing investment opportunity in the heart of Grays Ferry.
Facts & Features
MLS® # | PAPH2331542 |
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Price | $900,000 |
Bathrooms | 0.00 |
Square Footage | 3,086 |
Acres | 0.02 |
Year Built | 2020 |
Type | Multi-Family |
Sub-Type | Interior Row/Townhouse, Triplex |
Style | Traditional |
Status | Active |
Community Information
Address | 2646-48 Manton St |
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Area | 19146 |
Subdivision | GRAYS FERRY |
City | Philadelphia |
County | PHILADELPHIA-PA |
State | PA |
Municipality | PHILADELPHIA |
Zip Code | 19146 |
Senior Community | No |
Amenities
Is Waterfront | No |
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Interior
Appliances | Stove, Refrigerator, Microwave |
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Heating | Central |
Cooling | Central A/C |
Has Basement | Yes |
Basement | Fully Finished, Rear Entrance |
Fireplace | No |
Exterior
Exterior | Brick and Siding |
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Windows | Double Pane |
Roof | Fiberglass |
Foundation | Concrete Perimeter |
School Information
District | THE SCHOOL DISTRICT OF PHILADELPHIA |
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Additional Information
Date Listed | March 20th, 2024 |
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Days on Market | 43 |
Zoning | RM1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | TCS Management, LLC |
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Contact Info | (215) 383-1439 |