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Joseph Miles

jbmiles4real@gmail.com +1(240) 435-9204

Listed by Ryan McManus • Keller Williams Liberty Place

$ 920,000

Est. payment | -/mo

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$ 920,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Roxborough

MLS Listing ID PAPH2521250

Year Built 1900

Annual Tax Amount $10,586

Tax Year 2024

Lot Dimensions 39.00 x 150.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

359 Lyceum is a light VALUE-ADD QUADPLEX (4 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. 359 Lyceum is comprised of two (2) 1bd x 1ba apartments, one (1) 2bd x 1ba apartment and one (1) 2bd x 2ba apartment in a handsome 3-storey, ±4670 SF structure with PRIVATE DRIVEWAY for 1:1 tenant parking and AND a private 1bd x 1ba BONUS BUNGALOW UNIT. Invest in a Top-10 USA MSA with this 8% CAP MULTIFAMILY real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials. The bonus bungalow unit will not qualify for financing; deal must be structured as 4-unit acquisition.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Flooring Hardwood

Heat Source Central

Exterior

Water Access N

View City

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Private Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 212098600

Ownership Other

Special Listing Condition Standard

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 435-9204

jbmiles4real@gmail.com

359 LYCEUM AVE Philadelphia, PA 19128

Joseph Miles

Key Details

Location

Interior

Exterior

Building

Schools

Others

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359 LYCEUM AVE