Property
Philadelphia, PA 19148 2337 S Alder Street
$625,000
27 more
Presented By: OCF Realty LLC - Philadelphia
Beds • 3
Home Details
Discover this outstanding investment in Lower Moyamensing! This property offers four, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $67,000 in gross annual income, with a 8.3% Cap rate (+/-), this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income. Beyond its investment potential, consider transforming this property into your dream mansion with parking! Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA. Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
Presented By: OCF Realty LLC - Philadelphia
Interior Features for 2337 S Alder Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Basement (Y/N)No
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterElectric
Total Stories2
General for 2337 S Alder Street
AccessibilityNone
Architectural StyleOther, Converted Dwelling
Cap Rate8.30
CityPHILADELPHIA
Construction MaterialsOther
Cool FuelElectric
CoolingCentral A/C, Wall Unit
CountyPHILADELPHIA
DirectionsBest bet is to use your GPS... Drive West on Ritner. Just past 10th St, make a right onto S Alder St. Property will be on your right.
Garage Y/NNo
HeatingForced Air, Radiator
Location TypeUrban
Lot Size Square Feet2400.00
Lot Size UnitsSquare Feet
MLS Area19148 (19148)
ModificationTimestamp2025-05-05T21:15:56
MunicipalityPHILADELPHIA
Net Operating Income45927.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
One Bedroom Units Count3
Operating Expense4200.00
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnershipFee Simple
PossessionImmediate, Negotiable
Price Per Sq Ft Total AG130.21
Property SubtypeQuadruplex
Property TypeMulti-Family
RoofFlat
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount13855.0
Tax Assessed Value989800.0
Tax Year2025
Total Actual Rent67113.00
Total SQFT4800
Two Bedroom0
UtilitiesWater Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningRSA5
Exterior for 2337 S Alder Street
Foundation DetailsOther
Lot Size Acres0.06
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
N/A
High School
South Philadelphia High School
Jenniffer Bravo Llerena
Associate