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.
Sold for $280,000 on 04/17/23
$280,000
2702 Dothan Plz, Philadelphia, PA 19153
4beds
--baths
1,800sqft
Townhouse
Built in 1965
-- sqft lot
$328,600 Zestimate®
$156/sqft
$1,401 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 19, 2023 at 05:42am
Listed by:
Ryan McManus 610-606-1095,
Compass RE,
Co-Listing Agent: Jie Li 215-882-2575,
Compass RE
Bought with:
George A Moscony, RM061062A
George A Moscony Real Estate
Source: Bright MLS,MLS#: PAPH2141754
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 2
- Parking features: Other, Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 1,802 sqft
- Dimensions: 20.00 x 90.00
- Features: Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 405906400
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry, Brick
- Foundation: Other
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Eastwick
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Sell for more on Zillow
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$328,600
2% more+$6,572
With Zillow Showcase(estimated)$335,172