Philadelphia, PA 19153,2702 DOTHAN PLZ
Philadelphia, PA 19153,2702 DOTHAN PLZ
Philadelphia, PA 19153,2702 DOTHAN PLZ
Philadelphia, PA 19153,2702 DOTHAN PLZ
Philadelphia, PA 19153,2702 DOTHAN PLZ
Philadelphia, PA 19153,2702 DOTHAN PLZ
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$280,000

$281,999

0.7%
Est.Price: ?

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Est. payment /mo

1,800 SqFt


SOLD DATE : 04/17/2023

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

Parking Features Other

Garage Spaces 2.0

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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Bright MLS (BMLS)
Listed by Ryan J McManus • Compass RE
Bought with George A Moscony • George A Moscony Real Estate
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