2337 Alder StPhiladelphia, PA 19148

This exceptional investment opportunity presents a four-unit apartment building located at 2337 S Alder St, Philadelphia, PA 19148, in the Lower Moyamensing section of South Philadelphia. The property boasts a total of 4,800 square feet and is priced at $700,000, translating to $145.83 per square foot and $175,000 per unit. The building is a two-story Class B multifamily property currently generating over $59,000 in annual gross income. The existing configuration includes three 800-square-foot, one-bedroom, one-bathroom apartments, each equipped with in-unit washer and dryer hookups. Additionally, a substantial 2,000-square-foot commercial garage and warehouse space is currently leased to a local sign company. This presents a significant value-add opportunity, as the property has the potential for expansion to five units, leveraging its 48-foot wide footprint. All four units are currently occupied, providing immediate cash flow for the investor. This stabilized investment offers a compelling return and significant upside potential in a rapidly developing neighborhood. The property's location in South Philadelphia offers convenient access to major transportation routes and local amenities. This is a turnkey investment ready for immediate income generation and future growth.