Bought with Unrepresented • Unrepresented
$1,140,000
$1,195,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
518 W SUSQUEHANNA AVE Philadelphia, PA 19122
1,984 Sqft Lot
Key Details
Sold Price $1,140,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2571052
Sold Date 05/06/26
Year Built 2025
Annual Tax Amount $1,852
Tax Year 2026
Lot Size 1,984 Sqft
Acres 0.05
Lot Dimensions 32.00 x 62.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
New Construction 5 unit apartment building in hot Norris Square area with 10 year tax abatement. CURRENTLY LEASED at $8,900/month with an efficient unit mix and located in a QOZ (qualified opportunity zone) for maximum tax benefits. All units have private outdoor spaces with decks, roof decks, and patios. Large comfortable layouts with modern finishes and great natural lighting. High quality materials like TPO roofing, full red brick front, Pella windows, custom metal railings, large entry lobby. 5 Unit Mix: (2) - 3bd /3ba bilevel, (2) - 2bd/2ba bilevel, (1) - 2bd/1.5bath.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881000557
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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