4304 Cresson Street
Property Description
4304 Cresson Street (a.k.a The Trestle Apartments) presents a rare opportunity to acquire a turnkey, 18-unit apartment building with 1:1 covered parking one block from Manayunk’s vibrant commercial corridor, in the heart of one of Philadelphia’s most supply-constrained and renter-driven sub-markets. Constructed in 2016, the property offers investors modern construction, strong in-place amenities, and minimal near-term capital expenditure requirements. The property has assumable debt at 3.43% interest rate with 5 years remaining on the term. Inquire for details. The asset features a well-designed unit mix of 1, 2 and 3 bedroom units each with in-unit washer and dryers, private balconies, and modern kitchens equipped with microwaves, dishwashers, and central air conditioning. Residents benefit from multiple common areas, including an interior shared courtyard and a shared roof deck, enhancing tenant retention and rental appeal. Additional building amenities include garage and covered parking, a highly sought-after feature in Manayunk, as well as an Amazon locker system in the lobby for secure package delivery. Each unit is equipped with BEC alarm panels, providing an added layer of security and operational efficiency. Located just steps from Main Street Manayunk, public transit, and regional trail systems, 4304 Cresson Street combines walk-ability, modern construction, and strong rental demand. 4304 Cresson Street is ideally suited for investors seeking a stable, low-maintenance multifamily asset in a proven Philadelphia sub-market.Broker Details
Mallin Panchelli Nadel Realty, Inc. (215) 413-4900
MLS ID: 3301126 State License Number: RS352351
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,000,000 |
| No. of Units: | 18 |
| Year Built: | 2016 |
| Lot Size: | 0.22 Acres |
| Opportunity Zone: | No |
| Price per unit: | $277,778 |
| Property Website | Click Here |
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