646 N 32Nd Street Philadelphia, PA $ 4,150,000
646 N 32Nd Street
$ 4,150,000
New Construction
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646 N 32Nd Street

Philadelphia, PA, 19104
$ 4,150,000
Baths0.0 Sq 12,000

Monthly Estimate*

$ 27,582

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View a Virtual Tour
Studio

Commercial Property for sale in Philadelphia, PA

for $4,150,000. This 12,000 square foot building was built in 2023 on a lot size of 0.1.

Philly Home Advisors proudly presents the Nautilus, an avant-garde 15-unit apartment complex that sets a new standard for urban living in University City. This cutting-edge construction features expansive units, upscale finishes, and unparalleled views. In response to evolving market trends, the Nautilus stays ahead of the curve by offering 11 highly sought-after, spacious 2-bedroom, 2-bath apartmentsthe current pinnacle of desirabilityalongside 4 expansive 3-bedroom, 3-bathroom residences. Step into each unit and experience the welcoming embrace of open floor plans. These generously proportioned interiors boast top-tier finishes, from designer fixtures to state-of-the-art appliances. The open-concept layout maximizes natural light, cultivating a warm and inviting ambiance. Modern kitchens, equipped with premium appliances, complement chic bathrooms, and ample storage space, establishing a new benchmark for residents in the area. The roof deck, with its panoramic city skyline backdrop, serves as an idyllic setting for socializing, entertaining, or simply unwinding. Conveniently positioned within walking distance of prestigious institutions such as the University of Pennsylvania and Drexel University, as well as iconic landmarks like the Art Museum and 30th Street Station, the Nautilus offers easy access to local highways. Boasting a 10-year tax abatement and situated in an opportunity zone, this 15-unit gem facilitates a seamless tenant acquisition process. To sweeten the deal, the seller includes 1 year of free property management with the sale, making the Nautilus an irresistible investment opportunity.

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Commercial Contingent

Price

$ 4,150,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,389

Style

Apartment Building

Lot Size

0.1

Year Built

2023

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2300518

Features
Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 5
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
Entry Level 1
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession 0-30 Days CD
Roof Rubber
Zoning RM1
Construction Materials Masonry
Year Built 2023
View Panoramic City
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 375108.00
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
Net Operating Income 293355.00
Insurance Expense 13500.00
New Construction Y
Property Type Commercial Sale
Subdivision Name UNIVERSITY CITY
Water Access Y/N N
Status ACTIVE UNDER CONTRACT
Directions use gps
City PHILADELPHIA
Buyer Agent Compensation 2
Total Units 15
MLS Area 19104 (19104)
Lot Size Square Feet 4376.00
Waterfront Y/N N
Street Name 32ND
Tax Annual Amount 2389.0
Electric Expense 3500.00
Property Condition Excellent
Construction Completed Y/N Y
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://app.frame.io/reviews/e84b5471-bd44-4a78-b9b3-3e60bef9c1a3/3b3a52cf-a36c-4b84-911b-46a2e5a67c3c
Days on Market 128
Location Type Corner Lot/Unit
Standard Status Active Under Contract
Year Built Source Estimated
Tax Lot 84
Cap Rate 7.10
Buyer Agent Compensation Type % Of Base
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 35.00 x 112.00
Lot Size Acres 0.10
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 170700.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 646
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* Excluded Features
List By
Bhhs Fox & Roach-Center City Walnut

Broker

edvotsky@gmail.com

Email

Affordability Calculator

$27,781
Per Month
99%
1%
0%
Monthly Principal & Interest
$27,582
Monthly Property Taxes
$199
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$4,150,000 -2.92% Price Down
11/29/2023$4,275,000 Listed Price

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646 N 32Nd Street, Philadelphia, PA, 19104 is a Commercial Property for sale at $4,150,000 with 12,000 sqft and a lot size of 0.1. 646 N 32Nd Street is a studio with 0.0 baths and was built in 2023. The property's zip code is 19104 which is in Philadelphia, PA