2324 MEMPHIS ST Philadelphia, PA 19125

197904559 39.97885 -75.12613 230 /listing/197904559-150069106/2324-memphis-st-philadelphia-pa-19125 False 0 1500000.0 100 1005882829 False
  • $1,500,000
  • Est payment $8052.32/mo

Property & Neighborhood Info

Single Family in PHILADELPHIA

"Arbor House" Fishtown (Forbes' Hottest 'Hood in America") 2324 & 2328 Memphis Street, Phila Pa 19125 NINE (9) unit 3-story boutique condo building ~ 4 units available immediately (2324 Memphis) and 9 units (2324-2328) available to qualified buyers ~ fully-leased ~ ALL 2bd units w/ open concept layouts ~ Luxury-grade design: "for sale" caliber finishes, fixtures, features (FFF) ~ Roofdecks, rear yard, green building, new construction, 10yr tax abatement ~ ***Unit Mix: *2324A: 1bd/1ba + den + yard 964 SF 1600/mo *2324B: 1bd/1ba + den + yard 1006 SF 1600/mo ~ *2324C: 2bd/1ba 941 SF 1800/mo *2324D: 2bd/1ba + roofdeck 1077 SF 2000/mo *2328A: 2bd/2.5ba + yard 1557 SF 2000/mo *2328B: 2bd/2.5ba + yard 1649 SF 2000/mo *2328C: 2bd/1.5ba + roofdeck 1286 SF 1950/mo *2328D: 2bd/2ba 1040 SF 1700/mo *2328E: 2bd/1ba + roofdeck 1077 SF 2000/mo ~ ***Financials: Rent roll = 17,150/mo + (50/mo water) 205,800/yr ~ Expenses = 27,350 NOI = 178,450 ~ Pro forma cap rate = 5.6. ~ Sales price per unit (PPU) = 350,000 ~ Total project sales price = 3,150,000

Courtesy Of BHHS Fox & Roach-Center City Walnut

Main Features

  • Listing Status: Active
  • Year Built: 2017
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: Philadelphia
  • Taxes: $1,222.00
  • Tax Year: 2018
  • Subdivision: Fishtown
  • MLS Number:1005882829

Additional Features

  • Air Conditioning:
    • No
  • Cooling:
    • Wall Unit
  • Entry:
    • Foyer
  • Interior Features:
    • CeilngFan(s)
    • Sprinkler System
  • Water Heater:
    • Electric
  • Rooms:
    • Master Bedroom
  • Laundry:
    • Washer In Unit
  • Fireplace Y/N:
    • No
  • Building Area Source:
    • Estimated
  • Building Square Feet:
    • 3988.00
  • Garage:
    • No
  • New Construction:
    • Yes
  • Water Source:
    • Public
  • Windows:
    • Energy Efficient
  • Waterfront:
    • No
  • Parking:
    • Street
  • Heating:
    • Electric
  • Heating Fuel:
    • Electric
  • Sewer:
    • Public Sewer
  • Security Features:
    • Intercom
    • Security System
  • Gross Income:
    • 84000.00
  • List Type (Exclusive):
    • Exclusive Right To Sell
  • Rental Features:
    • No
  • Sale Includes:
    • Land Only
  • Addnl Marketing Remarks:
    • Green building designed to LEED standards but not certified.
  • Gross Expenses:
    • 5422.00
  • Other Expense:
    • 4200.00
  • Possession:
    • Immediate
  • Price Per SQFT:
    • 376.13
  • Unit 1 Bed Total Units:
    • 2

2324 MEMPHIS ST Philadelphia, PA 19125

197904559 39.97885 -75.12613 230 /listing/197904559-150069106/2324-memphis-st-philadelphia-pa-19125 False 0 1500000.0 100 1005882829 False
  • $1,500,000
  • Est payment $8052.32/mo