5047-00 Baltimore Ave,PHILADELPHIA, PA 19143
PHILADELPHIA, PA 19143
Description
Philly CRE Advisors proudly presents 5047 Baltimore Ave, a newer-construction mixed-use investment asset located in the rapidly expanding University City corridor of West Philadelphia. Built in 2019, the property offers investors a stabilized, low-maintenance opportunity with strong in-place income, below-market rents, and meaningful upside through future lease renewals. The property consists of four units, including one ground-floor commercial space and three residential units: a spacious 2-bedroom / 2-bathroom residence and two oversized 3-bedroom / 2-bathroom units. The commercial unit is leased at $1,250 per month through September 1, 2027. The 2-bedroom / 2-bathroom unit is leased at $1,700 per month through February 1, 2027, while the two 3-bedroom / 2-bathroom units are leased at $2,100 per month through May 1, 2027 and $1,750 per month through June 1, 2027. Current in-place rent totals approximately $6,800 per month, or $81,600 annually, while projected market rents total approximately $7,450 per month, creating roughly $7,800 in annual rental upside as leases mature. Each residential unit features modern finishes, spacious layouts, stainless steel appliances, granite countertops, in-unit washer and dryer, recessed lighting, and excellent natural light. Strategically located near Drexel University, the University of Pennsylvania, CHOP, HUP, and the broader University City corridor, the property benefits from one of Philadelphia's most concentrated employment bases. University City contains more than 78,000 jobs and accounts for approximately 11% of Philadelphia employment despite representing less than 2% of the city's geographic footprint. More than 70% of University City jobs pay over $40,000 annually, further supporting a deep and relatively high-earning renter base. That employment base continues to grow. Burlington Stores recently announced plans to relocate its corporate headquarters to 3151 Market Street at Schuylkill Yards, representing approximately $370 million in private investment and bringing as many as 2,000 full-time jobs to Philadelphia. The move further validates University City as a major corporate, institutional, life-sciences, and employment hub. A compelling opportunity to acquire a stabilized mixed-use asset with approximately $81,600 in current annual rental income, built-in rent growth, newer construction, and exposure to one of Philadelphia's strongest employment corridors.
Details
| MLS # | PAPH2669072 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2022 |
| Days On Site | 44 |
| Listing Provided By | BHHS Fox & Roach-Center City Walnut | ERIC Andrew Dvotsky |
Features
| Units | 4 |
|---|---|
| Zoning | CMX2 |
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6299 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | CEDAR PARK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in CEDAR PARK) | |
Price: $998,000 low | high Med: $277,450 On site: 44 low | high Med: 67.5 | |
Market Activity 19143
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | CEDAR PARK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in CEDAR PARK) | |
Price: $998,000 low | high Med: $277,450 On site: 44 low | high Med: 67.5 | |
