4827-35 N 6th St,PHILADELPHIA, PA 19120
PHILADELPHIA, PA 19120
Description
*This property is being sold as a package, including 4825 N Camac St, 4827-35 North 6th St, and 4510 N. Lawrence St., for $4,715,000 Exclusively presenting the unique opportunity to acquire the fee simple interest in the Hunting Park Portfolio, a 41-unit apartment portfolio consisting of 4825 N. Camac Street (13 units), 4510 N. Lawrence Street (11 units), and 4827-35 North 6th Street (17 units) in North Philadelphia, Pennsylvania. The Portfolio consists of three buildings featuring a desirable mix comprised primarily of one- and two-bedroom units. Collectively, the Properties include 26 one-bedroom units, 14 two-bedroom units, and one four-bedroom unit. The average in-place rent for the one-bedroom units is ±1,226 per month, while the two-bedroom units average ±$1,207 per month. The single, four-bedroom unit is leased at $1,450 per month. Current rents are approximately 10-15% below market for comparable one- and two-bedroom units, presenting a clear opportunity to drive rental growth through light interior upgrades. Current ownership has recently implemented water and sewer bill-backs, aligning with submarket trends. Continued execution of this strategy provides additional NOI upside. The Hunting Park Portfolio is situated in a dense residential corridor supported by strong workforce housing demand and proximity to major employment drivers, including Temple University, La Salle University, and Jefferson Einstein Philadelphia Hospital, as well as employment hubs in Center City Philadelphia. The Properties also benefit from convenient access to retail corridors along Broad Street and Roosevelt Boulevard, with nearby grocery stores such as ShopRite, ACME, and Aldi, along with national retailers, pharmacies, and restaurants serving the immediate neighborhood. With a unit mix well-positioned to meet workforce housing demand and located near public transit, major roadways, universities, hospitals, and retail amenities, The Hunting Park Portfolio presents an attractive opportunity to acquire scale in a dense North Philadelphia rental corridor supported by consistent renter demand and accessible neighborhood amenities.
Details
| MLS # | PAPH2608506 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1966 |
| Days On Site | 155 |
| Listing Provided By | TCS Management, LLC | Alex C Prince |
Features
| Units | 1 |
|---|---|
| Zoning | RSA5 |
| Acreage | 0.36 |
Interior
| Cooling | Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 14116 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19120) | |
Price: $4,715,000 low | high Med: $200,000 On site: 155 low | high Med: 115 | |
Market Activity 19120
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19120) | |
Price: $4,715,000 low | high Med: $200,000 On site: 155 low | high Med: 115 | |
