Property
Philadelphia, PA 19140 2214 W Ontario Street
$2,100,000
2 more
Presented By: KW Empower
SQFT • 35,650
Home Details
Jump into your next development project which is truly shovel ready!
-Incredible Investment Opportunity in a Thriving Locale!
-Projected Gross Rent: $1,012,200 annually
-64-unit property consisting of 1 & 2-bedroom apartments
-Average 1 bed 575 sf and average 2 bed 1100 sf
-40 Parking Spaces with No Low-Income Housing Requirement
-Adaptive Reuse Project with Completed Foundation & Facade
-Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included
This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
Presented By: KW Empower
Interior Features for 2214 W Ontario Street
Other Interior Features
Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
General for 2214 W Ontario Street
Accessibility2+ Access Exits, 32 + wide Doors, 48 + Halls
Business TypeApartment Building
Cap Rate8.11
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsOn Ontario St
Electric Expense15000.00
Gross Income1063200.00
HeatingCentral
Insurance Expense37800.00
Location TypeUrban
Lot Size Square Feet39100.00
Lot Size UnitsSquare Feet
MLS Area19140 (19140)
MaintenanceExpense18900.00
ModificationTimestamp2025-04-30T00:24:12
MunicipalityPHILADELPHIA
Net Operating Income843212.00
New ConstructionNo
Number Of Units Total64
OwnershipFee Simple
PossessionImmediate
Possible UseResidential
Price Per Sq Ft Total AG58.91
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Hook/Up Avail
Standard StatusActive
StatusACTIVE
Tax Annual Amount0.0
Tax Assessed Value0.0
Tax Lot232
Tax Year2022
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningI2
Exterior for 2214 W Ontario Street
Building Area Total35650.00
Car Parking Spaces40
Inclusionslans, permits, reports, and surveys will be provided to the buyer
Land Assessed Value0.00
Land Use CodeLC0
Lot Dimensions151.00 x 237.00
Lot Size Acres0.90
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPrivate, Paved Parking
Total Loading Docks0
Total Parking Spaces40
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner