1204 W Erie Ave Philadelphia, PA 19140 | 1204 Erie Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1204 W Erie Ave Philadelphia, PA 19140 1204 Erie Ave
3 Unit Block of Flats £638,657 (£212,886/Unit) 7.50% Net Initial Yield Philadelphia, PA 19140
Executive Summary
Attention investors!
Take a look at this new construction Triplex located in the bustling area of Temple Hospital!
- Ground floor/lower level is a large 1,866sf 3bed/3bath bi-level unit with private rear yard access from both levels.
- 2nd floor unit is 2bed/2bath at 933sf.
- 3rd floor consisting of a 2bed/2bath unit with a private roofdeck.
This triplex should be completed by September 1st with C/O in hand.
With the anticipated rental value of $5000-$5400/month, this building is expected to have to have a CAP rate of anywhere between 7-8%.
Located a short walk to the Broad St Line, Temple Hospital, Shriners Hospital, and multiple bus routes, this location is tough to beat!
There are multiple developments in various phases all around this property including the Buery Building on Broad St near W Erie Ave - demolition has begun (conversion to a proposed hotel according to public records).
And... we can't forget the street improvements that are going on right now!
Don't miss an opportunity to invest in this area before it's too late!!
Take a look at this new construction Triplex located in the bustling area of Temple Hospital!
- Ground floor/lower level is a large 1,866sf 3bed/3bath bi-level unit with private rear yard access from both levels.
- 2nd floor unit is 2bed/2bath at 933sf.
- 3rd floor consisting of a 2bed/2bath unit with a private roofdeck.
This triplex should be completed by September 1st with C/O in hand.
With the anticipated rental value of $5000-$5400/month, this building is expected to have to have a CAP rate of anywhere between 7-8%.
Located a short walk to the Broad St Line, Temple Hospital, Shriners Hospital, and multiple bus routes, this location is tough to beat!
There are multiple developments in various phases all around this property including the Buery Building on Broad St near W Erie Ave - demolition has begun (conversion to a proposed hotel according to public records).
And... we can't forget the street improvements that are going on right now!
Don't miss an opportunity to invest in this area before it's too late!!
Property Facts
| Price | £638,657 | Apartment Style | Townhome |
| Price Per Unit | £212,886 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Net Initial Yield | 7.50% | Building Size | 3,720 SF |
| No. Units | 3 | Number of Floors | 4 |
| Property Type | Residential | Year Built | 2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £638,657 |
| Price Per Unit | £212,886 |
| Sale Type | Investment |
| Net Initial Yield | 7.50% |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 3,720 SF |
| Number of Floors | 4 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Granite Countertops
- Refrigerator
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 1 | £1,279 | 925 |
| 3+3 | 1 | £1,679 | 1,850 |
| 2+2 | 1 | £1,439 | 925 |
1 of 1
Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (80)
PROPERTY TAXES
| Parcel Number | 432055900 | Improvements Assessment | £0 |
| Land Assessment | £25,515 | Total Assessment | £25,515 |
PROPERTY TAXES
Parcel Number
432055900
Land Assessment
£25,515
Improvements Assessment
£0
Total Assessment
£25,515
zoning
| Zoning Code | RM1 (Residential Multi-Family) |
| RM1 (Residential Multi-Family) |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1204 W Erie Ave Philadelphia, PA 19140 | 1204 Erie Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.