4011 BARING ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,590 sqft
Price per Sqft $234
Subdivision West Powelton
MLS Listing ID PAPH2460996
Originating Board BRIGHT
Year Built 2010
Annual Tax Amount $24,444
Tax Year 2024
Lot Size 5,363 Sqft
Acres 0.12
Lot Dimensions 44.00 x 121.00
Property Sub-Type Five Or More Units
Property Description
Amazing investment opportunity. This modern, fully occupied 11-unit building also offers additional finished flex rooms in the basement providing additional income. The 27-bedroom multi-family property was built in 2010 and is situated in the highly sought-after West Powelton neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes six (2) two-bedroom, one-bathroom units, two (2) three-bedroom, two-bathroom units and two (2) four-bedroom, two-bathroom units. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don't miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street).
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air,Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881817730
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard