1425 Jackson Street

Description

1425 Jackson is a boutique quadplex (4 units) in the East Passyunk submarket of Philadelphia, Pennsylvania. This value-add multi-family building is situated just off Passyunk Ave with easy access to the broad street train line.East Passyunk Avenue is home to over 160 independently-owned businesses - from top dining spots, to unique boutiques, services, and beyond. Just off Passyunk Avenue reveals even more exciting finds that highlight the neighborhood+GGs blend of old-school charm and influx of dynamic new energy. Walk to everything - coffee shops, grocery, train, park, river, restaurants, pubs etc. The Property consists of three (3) one-bed units and one (1) two-bed unit. Rents are substantially under market and major rental upside exists for future ownership. Enquire within for financials. Offered as-is.The subject property is also available as part of a larger portfolio of extremely well-maintained boutique apartment buildings offered by Ownership as a package sale of 5 buildings (25 units) plus a rarely offered 15-unit prime multifamily development parcel in the desirable "Italian Market" area of South Philadelphia. "The Properties" are located within 1.5M of one another, with the exception of one asset that is located near Philadelphia International Airport (ideal Airbnb conversion). "The Portfolio" offers tremendous critical mass in one of the most attractive locations in Philadelphia. 3 of 5 properties are located right off Cianfrani Park, a popular neighborhood attraction. "The Properties" are walkable to many of South Philly's top amenities, parks, restaurants, cafes, schools and transit stops. This is a generational acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained each asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating "The Portfolio" as is. "The Portfolio" is 100% leased and occupied, including the two (2) commercial spaces. "The Portfolio" consists of: 736 S 8th St; 763-5 S 8th St; 2702 Dothan Plaza; 1327 Snyder Ave; 1425 Jackson St.