$ 9,750,000
-
$9,750,000
Price -
0
Bed - Bath
-
30,000
SqFt
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About the Listing KWRLTYLP1 - 3197472,3308887
INTRODUCING: THE GRACE — named for a Philadelphia icon, Grace Kelly — this boutique, 34-unit, ±30K SF new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. This premium turnkey 6.7% CAP multifamily asset commands an impressive streetscape presence on Midvale Avenue — the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting where extremely high barriers-to-entry exists, the building is comprised of studios, 1bd and 2bd apartments and commercial space. Residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it’s just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa’s regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more—just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation — NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
Listing Highlights for 3503 Midvale Ave
Status
Active
Days on Site
396
Property Type
Commercial Sale
MLS ®
PAPH2385318
Year Built
2024
Total Square Footage
30,000
Lot/Acreage
0.28
County
Philadelphia
Neighborhood
East Falls
Area
19129 (19129)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Ductless/Mini-Split
- Heating: Wall Unit
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 105.00 x 209.00
- Zoning: CMX25
- Roof: Other
- Others: Excellent
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,418
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
3503 Midvale Ave Philadelphia, PA 19129
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