$ 2,450,000
-
$2,450,000
Price -
21
Bed - Bath
-
12,720
SqFt
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About the Listing KWRLTYLP1 - 3197472,3308887
INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 7.1% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
Listing Highlights for 85 E Sharpnack St
Status
Active
Days on Site
320
Property Type
Multi-Family
MLS ®
PAPH2414060
Year Built
2022
Total Square Footage
12,720
Lot/Acreage
0.15
County
Philadelphia
Neighborhood
Mt Airy
Area
19119 (19119)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 21
- Bathrooms: Full
- Appliances:
- Air Cond: Ductless/Mini-Split
- Heating: Wall Unit
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft: 12720
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Flag,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 13.00 x 160.00
- Zoning: RSA5
- Roof: Fiberglass
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $2,757
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
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Listing Location
Questions About..
85 E Sharpnack St Philadelphia, PA 19119
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