PA > Philadelphia > West Powelton
Philadelphia, PA 19104,4011 BARING ST
Philadelphia, PA 19104,4011 BARING ST
Philadelphia, PA 19104,4011 BARING ST
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$2,250,000
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9,590 SqFt
Active

4011 BARING ST Philadelphia, PA 19104

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Joseph Resciniti

Joseph Resciniti

+1(732) 547-1572

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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

Bright MLS (BMLS)
Listed by Steven Onesti • KW Empower

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agent

Joseph Resciniti

Broker Associate | NJ Lic#NJ-Lic#2183769*PA-Lic#AB069463

+1(732) 547-1572

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4011 BARING ST