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Listed by Guillermo Salas III • EXP Realty, LLC
$ 1,400,000
Est. payment | /mo
$ 1,400,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2576886
Year Built 2014
Annual Tax Amount $20,271
Tax Year 2025
Property Sub-Type Other
Source BRIGHT
Property Description
$136,920 Gross Annual Rents & Fully Occupied ! Prime Brewerytown Investment Opportunity – Fully Occupied 7-Unit Condo-Ready Building. Welcome to 1234 N. 30th Street, Units 1–7, a fully occupied 7-unit multifamily asset located in the heart of Brewerytown, one of Philadelphia's most rapidly appreciating neighborhoods.
The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,410 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment.
What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies:
- Continue operating as a stabilized income-producing rental
- Sell individual condo units separately over time
- Implement a hybrid strategy combining rentals and condo sales
All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal. Located just minutes from Center City, major universities, public transportation, and Brewerytown's expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth.
This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia's hottest submarkets.
The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,410 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment.
What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies:
- Continue operating as a stabilized income-producing rental
- Sell individual condo units separately over time
- Implement a hybrid strategy combining rentals and condo sales
All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal. Located just minutes from Center City, major universities, public transportation, and Brewerytown's expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth.
This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia's hottest submarkets.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 888290610
Ownership Condominium
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION
David Burris
Principal / Agent License ID: 1973254
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