223 S. 45th Street offers investors the opportunity to acquire a well-located asset in Philadelphia's highly desirable University City submarket. Situated in the Spruce Hill neighborhood, the property benefits from immediate proximity to the University of Pennsylvania and Drexel University, driving consistent rental demand from students, faculty, and young professionals.… Read More Fully occupied with 5-units including (1) studio/1 bathroom, (2) 1 bedroom/1 bathroom; (1) 2 bedroom/2 bathroom); and (1) 3 bedroom/3 bathroom. Investment highlights include: University City location with durable rental demand; Walkable to parks, retail, and dining amenities; Strong transit connectivity to Center City and major employment hubs; and Stable cash flow and long-term appreciation in one of Philadelphia's most resilient rental markets. Read Less
Courtesy of Ariel L Morgenstein, JG Real Estate LLC 215-467-4100
Listing Snapshot
Days Online
140
Last Updated
Property Type
Commercial
Square Ft.
2,430
Lot Size
0.05 Acres
Year Built
1935
MLS Number
PAPH2620030
Additional Details
Building
Built in 1935, Built in 2020 (effective)
Cooling
Central A/C
Accessibility Features
None
Heating
Forced Air, Heat Pump(s)
Income
Gross Income: $97,104, Net Operating Income: $81,139, Apartment Rentals
Lot
0.05 acres
Sewer
Public Sewer
Taxes
Annual Amount: $5,053, Year: 2026, Zoning: CMX2
Utilities
Water Source: Public
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