2646-48 Manton Street
Philadelphia, PA
Overview
- Offering Price $900,000
- Pro Forma Cap Rate 6.5%
- Apartment Units 3
- Price per Unit $300,000
On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 2646 Manton Street situated in the Grays Ferry section of Philadelphia. This pocket of Grays Ferry borders Graduate Hospital and Point Breeze and is exploding with new construction.
Comprised of three residential condominium units, the Manton Street property is fully occupied and includes (2) two-bedroom units and (1) three-bedroom unit. All units feature modern finishes, in-unit washers and dryers, central air conditioning, and high ceiling heights. A new owner would have the option to sell off individual condo units if desired.
The property is situated within blocks of a neighborhood shopping plaza anchored by The Fresh Grocer as well as an array of restaurants and shops along the Grays Ferry Avenue and Washington Avenue commercial corridors. Residents enjoy easy access to the Schuylkill Expressway (Interstate 76) for a commute to University City and Center City. In addition, the property is within walking distance of Pennovation Works, the University of Pennsylvania’s 23-acre innovation campus that has seen hundreds of millions of dollars in investment into lab, office, and production space.