2600 Reed StPhiladelphia, PA 19146

For Sale
$2,350,000

Six-unit, new construction investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents three brand-new duplexes (six total units) located on Reed Street in Philadelphia's desirable Point Breeze neighborhood. These Class A properties, built in 2024, boast a total of 8,644 square feet on a 2,800 square foot lot, offering a compelling price per square foot of $271.86 and a price per unit of $391,666.67. Each duplex features two units, each with three bedrooms and three bathrooms. High-end finishes include quartz countertops and stainless steel appliances. Unit #1 in each duplex includes a large backyard, while Unit #2 boasts a private roof deck. The property benefits from a 10-year tax abatement. Conveniently located near Wharton Square Park, Center City, and Passyunk Square, residents enjoy easy access to public transportation (bus routes 7 and 29), local amenities, and vibrant neighborhood life. This fee-simple ownership offers a stabilized multifamily investment with significant potential for long-term growth. The permitted zoning is multi-family, ensuring future flexibility. This is a rare opportunity to acquire a portfolio of six units in a prime location, offering both immediate income and substantial appreciation potential. The property is offered at an asking price of $2,350,000.

Highlights

  • $2,350,000 asking price for a stabilized, Class A, six-unit apartment building in Philadelphia, PA.
  • New construction, three-building, three-story multifamily property with 8,644 square feet.
  • Six units total (three duplexes) on three adjacent lots totaling 2,800 square feet.
  • Located in the Point Breeze neighborhood of Philadelphia, offering proximity to parks, restaurants, and public transportation.
  • Each unit features three bedrooms and three bathrooms, modern finishes (quartz countertops, stainless steel appliances), and in-unit laundry.
  • One unit includes a private roof deck.

Property Details for 2600 Reed St

Property type
Multifamily properties, Apartment buildings
Square Feet
8,644 SF
Class
A
Year Built
2024
Buildings
3
Stories
3
Units
6

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9353571
Longitude
-75.1878306
2600 Reed St, Philadelphia, Pennsylvania

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2600 Reed St
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