For Sale

Listed by Isela Lares from Compass RE

Source: Bright MLS #PAPH2115926

5400 Walnut Street, Philadelphia, PA, 19139

$2,000,000

10
3720 sq. ft.

Other

30+ days on the market

What's around 5400 Walnut Street

About this property

The How Group / Compass Commercial is pleased to present the sale of The Penn Building, located at 5400 Walnut Street in the desirable Walnut Hill section of West Philadelphia. This highly visible 11,160 SF, turnkey investment is situated in an Opportunity Zone and consists of 14 residential units over 1 retail space with an excellent unit mix of (5) studio units, (8) one-bedroom units, and (1) two-bedroom unit. Each apartment features an open floor plan and modern kitchens with stainless steel appliances. High occupancy with strong upside with rents that are approximately $100 to $200 below market. The building also has a finished basement with coin-operated laundry. The ground floor is currently being used as a grocery store with a long-term commercial tenant. Positioned in a high-demand rental area near major educational institutions and health care facilities including the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and University of the Sciences. Walk to SEPTA regional rail, bus, West Philadelphia YMCA, and restaurants.

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