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3901-3 Kensington Avenue

PHILADELPHIA, PA 19124
  • $1,550,000
  • STATUS: Pending
  • ON SITE: 212 Days
  • ID#: PAPH1014120
Pending
UPDATED: 53 min ago
$1,550,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,546
    SQFT
  • $162
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

7% CAP! 3901 Kensington is a brand new adaptive reuse turnkey investment property connected to the Septa subway in Philadelphia, Pennsylvania. This 9 unit transit-oriented mixed-use building has a 10 year tax abatement and is fully leased for 2021. Seven (7) 2bd apartments and two (2) NNN retail stores. Loft style interiors, open spacious layouts, design driven finishes. This is a rare 7% cap rate investment sale in Philadelphia's fast growing Kensington submarket just outside of the urban core.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T15:52:53.85.
www.locomusings.com/homes/116769824
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3901-3 Kensington Avenue PHILADELPHIA, PA 19124

  • Price: $1,550,000
  • Status: Pending
  • On Site: 212 Days
  • Updated: 53 min ago
  • ID#: PAPH1014120
0
Beds
0
Baths
0
½ Baths
0.08
Acres
9,546
SQFT
$162
$/SQFT
1930
Built
Neighborhood:
Kensington
County:
Philadelphia
Area:
19124 (19124)
School District:
The School District Of Philadelphia
Property Description
7% CAP! 3901 Kensington is a brand new adaptive reuse turnkey investment property connected to the Septa subway in Philadelphia, Pennsylvania. This 9 unit transit-oriented mixed-use building has a 10 year tax abatement and is fully leased for 2021. Seven (7) 2bd apartments and two (2) NNN retail stores. Loft style interiors, open spacious layouts, design driven finishes. This is a rare 7% cap rate investment sale in Philadelphia's fast growing Kensington submarket just outside of the urban core.
Exterior Features

Architectural Style Contemporary Construction Materials Masonry Garage YN No Location Type Urban Lot Features Corner Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 9546 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 7

Property Features

Accessibility Features None Assessment Year 2021 Association YN No Central Air YN Yes Cooling Fuel Natural Gas Cross Street E Pike Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 9 Number Of Units Total 4 Original MLSNumber 304590985957 Ownership Interest Fee Simple Possession Immediate Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 5508.00 Tax Assessment Amount 393500.00 Tax Lot 57 Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning Cmx2

Listing courtesy of Compass Pennsylvania, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-03T15:52:53.85.
 
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