About 2638 Pratt St
Loonstyn Brothers Realty LLC is pleased to present the opportunity to acquire 2638 Pratt Street, a renovated two-unit multifamily property located in the Bridesburg neighborhood of Philadelphia. Positioned on a corner lot, the property offers a combination of updated residential space, an attractive unit mix, and convenient access to the surrounding neighborhood and major transportation routes.
The property consists of two spacious residential units, including a two-bedroom, one-and-a-half-bathroom unit and a three-bedroom, two-bathroom unit. Both units are currently occupied, providing immediate in-place rental income of $3,250 per month. The property's larger floor plans and multi-bedroom configurations offer residents significantly more living space than a typical apartment while providing ownership with a diversified two-unit income stream.
2638 Pratt Street has benefited from recent improvements, with updated interiors designed around modern residential living. The units feature open living areas, well-sized bedrooms, modern kitchens with stainless steel appliances, central air, and abundant natural light. The corner positioning of the property provides numerous windows throughout the building, while the detached two-car garage adds additional functionality and distinguishes the property from many competing residential assets in the surrounding neighborhood.
Located in Bridesburg, the property benefits from a residential neighborhood setting while maintaining convenient connectivity throughout Philadelphia. Residents have access to neighborhood shopping, dining, public transportation, and major roadways, with nearby access to I-95 providing convenient travel to Center City Philadelphia, Northeast Philadelphia, and the surrounding region.
From an investment perspective, 2638 Pratt Street offers the opportunity to acquire an occupied multifamily asset with immediate rental income and a desirable mix of two- and three-bedroom units. The property's renovated condition can help limit near-term capital requirements, while its larger residential layouts, corner location, and garage provide characteristics that can support continued tenant demand and long-term ownership.
With two occupied apartments, $3,250 in current monthly residential rent, renovated interiors, a detached two-car garage, and a well-connected Bridesburg location, 2638 Pratt Street presents investors with an opportunity to acquire a manageable multifamily property combining current cash flow with long-term investment potential. Offered for sale at $525,000, the property provides an accessible entry point into Philadelphia multifamily ownership with established in-place tenancy.
