3202 HAMILTON STREET, Philadelphia, PA 19104

  • $1,395,000
3202 HAMILTON STREET, Philadelphia, PA 19104
Active
3202 HAMILTON STREET, Philadelphia, PA 19104
3202 HAMILTON STREET, Philadelphia, PA 19104
  • $1,395,000

Overview

Property ID: PAPH2376868
  • Other, Residential Income
  • Property Type
  • 0.05
  • Lot Acres
  • 1870
  • Year Built

Description

This sale includes both 3202 and 3204 Hamilton st buildings

This exceptional real estate opportunity encompasses both 3202 and 3204 Hamilton St buildings, offering a rare chance to acquire a PRIME location generational investment acquisition opportunity. This turnkey 4-unit property is in the heart of Powelton Village and Drexel University. Each building consists of two units, presenting a total of four units for potential investment.

The property boasts fully leased units until the end of August 2025 currently generating a total of $11,150 per month, offering 7+ cap rate. Each bi-level unit features a spacious open-concept common area, fully equipped kitchen, large bedrooms with full closets, hardwood floors, recessed lighting, modern bathrooms, and separate washer/dryer. Additionally, both Unit 1s are accompanied by a good-size backyard for outdoor space, and all units are metered separately. This building has been fully gutted and partially rebuilt few years ago, offering newer mechanicals, plumbing, electrical and more.

The location is unbeatable , appealing to students, medical professionals, and university staff due to its close proximity to Drexel University, Upenn, and nearby hospitals. Furthermore, with an abundance of public transportation options and its convenience to Downtown Philadelphia, the property is well-positioned for future appreciation potential.

The ongoing new developments in the area, such as Schuylkill Yards, Science Center, and University Place 3.0, further underscore the potential for long-term growth and appreciation.

This multifamily investment opportunity is not to be missed, offering a strong rental history and significant potential for appreciation. Act fast, properties like this one are rare to come to the market!

  • Address 3202 HAMILTON STREET
  • City Philadelphia
  • State/county PA
  • Zip/Postal Code 19104
  • Country US

Details

Updated on August 25, 2024 at 3:23 pm
  • Property ID: PAPH2376868
  • Price: $1,395,000
  • Land Area: 0.05 Acres
  • Garage Size: x x
  • Year Built: 1870
  • Property Type: Other, Residential Income
  • Property Status: Active

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**Property Disclaimer** The information we provide about this property is believed to be accurate to the best of our knowledge; however, it may change without notice. We are not liable for any mistakes, errors, or omissions in the information presented. We strongly recommend that you conduct your own research and verify all details independently to ensure accuracy. Your diligence in seeking correct information is essential before making any decisions. " Homes Trade Hub "

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