About 1327 Snyder Ave
Part of package, additional property nearby available - 1425 Jackson St.., 2 Commercial Bldgs. at 736-38 S. 8th St. (Adobe Cafe) and 763-65 S. 8th St. (Lazeez Indian Restuarant) with apartments. Total package can be acquired. 1327 Snyder is a 5-plex (5 units) in the East Passyunk submarket of Philadelphia. This value-add multi-family building is situated just off Passyunk Ave. with easy access to the broad street train line and SEPTA. Walk 1 block to Passyunk Avenue which is a trendy hot spot in South Philadelphia. There are an abundance of independently-owned businesses - from coffee shops, dining spots, to unique boutiques, and services. FDR park is a nice walk on a lovely day. The Property consists of four (4) one-bed units and one (1) studio unit. Rents are substantially under market and major rental upside exists for future ownership. Interested parties may inquire about financials. Offered as-is. The subject property is also available as well as another extremely well-maintained apartment building offered by the same Ownership, This is an acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully leased and maintained each building over its tenure. and has long term tenants. New Ownership can achieve top-of-market rental rates or continue operating.
Features of 1327 Snyder Ave
| MLS® # | PAPH2397964 |
|---|---|
| Price | $899,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,025 |
| Acres | 0.02 |
| Year Built | 1915 |
| Type | Multi-Family |
| Sub-Type | Other, End of Row/Townhouse |
| Style | Other |
| Status | Active |
Community Information
| Address | 1327 Snyder Ave |
|---|---|
| Area | 19148 |
| Subdivision | PHILADELPHIA (SOUTH) |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19148 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Hot Water |
|---|---|
| Cooling | Central A/C, Window Unit(s), Wall Unit |
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Foundation | Brick/Mortar |
School Information
| District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Information
| Date Listed | September 18th, 2024 |
|---|---|
| Days on Market | 390 |
| Zoning | CMX2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Mercury Real Estate Group |
|---|---|
| Contact Info | (215) 462-5100 |