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2702 DOTHAN PLZ Philadelphia, PA 19153
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Key Details
Sold Price $280,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $155
Subdivision Eastwick
MLS Listing ID PAPH2141754
Sold Date 04/17/23
Style Traditional
Abv Grd Liv Area 1,800
Originating Board BRIGHT
Year Built 1965
Annual Tax Amount $3,184
Tax Year 2023
Lot Size 1,802 Sqft
Acres 0.04
Lot Dimensions 20.00 x 90.00
Property Description
2702 Dothan Plaza is a boutique duplex (2 units) with garage parking in the Eastwick submarket of Philadelphia, Pennsylvania (right by PHL International Airport). The subject property is 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.
Location
State PA
County Philadelphia
Area 19153 (19153)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Other
Garage Spaces 2.0
Waterfront N
Water Access N
View City
Accessibility None
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 405906400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with George A Moscony • George A Moscony Real Estate