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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut

$4,000,000

Est. payment - /mo

9,121 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID PAPH2587696

Year Built 1940

Annual Tax Amount $39,454

Tax Year 2026

Lot Size 9,121 Sqft

Acres 0.21

Lot Dimensions 76.00 x 120.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Introducing an exceptional investment opportunity brought to you by the PCREA team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulously maintained to this day, and now for sale due to the current owners wanting to retire. The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- sq ft lot, 6 bay small rental garage spaces, and a 30,000 +/- sq ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development. The residential units are fully occupied, grossing $317,400 annually in rent, with all tenants paying on time. Does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rents by at least 20% without capital investment. The warehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15 and $9 per sq ft annually. This pro forma rent is based on 68 of 20,000 ft.² of the warehouse. With minimal investment, this portfolio offers endless opportunities for future value and current rental increases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having all properties on one block makes managing this portfolio a breeze. Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare and unique investment opportunity not to be missed. Contact us now to schedule a tour and secure your investment in this highly sought-after location.

Location

State PA

County Philadelphia

Area 19134 (19134)

Zoning RSA-5

Interior

Hot Water Natural Gas

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 15.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone

Water Access N

View City

Roof Type Flat

Accessibility None

Total Parking Spaces 15

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 884345260

Ownership Fee Simple

Special Listing Condition Standard

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA, 22102

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1930 E STELLA ST E STELLA ST Philadelphia, PA 19134