401 LYCEUM AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19128
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $256
Subdivision Roxborough
MLS Listing ID PAPH2521234
Year Built 1996
Annual Tax Amount $6,658
Tax Year 2024
Lot Size 4,095 Sqft
Property Sub-Type Other
Property Description
401 Lyceum is a light value-add 5-plex (5 units) apartment building located in Roxborough — a thriving submarket in NWPHL (Northwest Philadelphia) experiencing surging rental demand for its bucolic nature, access to amenities and parks, and connectivity to Philly's urban core. Also available with 4381 Pechin (next door - 5 units) and 359 Lyceum (5 units - on same block) — for a total of 15 units for $2,549,000. 401 Lyceum is comprised of four (4) 1bd x 1ba apartments and one (1) 2bd x 2ba apartment in a stately 3-storey, ±3120 SF Victorian-esque stone structure on an ideal corner lot. Invest in a Top-10 USA MSA with this 7.5% CAP multifamily real estate acquisition from How Properties, one of Philly's leading full-service real estate firms. Buy one, two, or all three buildings. Tangible financial upside exists via rent growth and OPEX minimization. Enquire within for financials.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RSD3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Luxury Vinyl Plank
Exterior
Water Access N
View City
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Special Listing Condition Standard