$ 2,300,000
-
$2,300,000
Price -
0
Bed - Bath
-
9,100
SqFt
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About the Listing KWRLTYLP1 - 3197472,3308887
Introducing 2731 Federal — a prominent corner property located at the gateway of 19146 — one of Philly's perennial-leading residential zip codes for rentals and sales. This turnkey 7-unit multifamily investment property stands tall above the rest, with unmatched skyline views and access — convenient to I-95, Washington Ave, and all of Center City and University City alike. Gaze across the western horizon and witness the billions of dollars in active stage developments from the likes of Chop, Penn, Hup, Pennovation. The brand new $48 million section of the Schuylkill River Trail, known as Christian to Crescent, now connects Center City with the Grays Ferry neighborhood in South Philadelphia with a striking 650-foot cable bridge, visible from 2731 Federal. Fresh Grocer, Chase Bank and more retail/shops located directly across the street. Walkable to adjacent/popular neighborhoods like Graduate Hospital, Point Breeze, Rittenhouse Square and more — this location is on the edge of tangibly-visible massive transformation. The 4-storey apartment building totals over 9100 SF with ground floor commercial space and an even mixture of 1-2bd apartments above, complete with a panoramic skyline rooftop terrace. Average rents/SF = $2.29. Average rent/unit = $1,621. This boutique apartment building is poised for rent growth and appreciation for years to come — paired with an extremely low OPEX and FULL 10yr tax abatement (approx. 8.5yr remains). Benefitting from the lot's unique dimensions, the apartments are far from cookie cutter, with dramatic angles and unique perspectives, coupled with design-driven interiors and sun-soaked rooms with floor-to-ceiling windows. Sleek bathrooms and contemporary kitchens, washer-dryer in-unit, LVP flooring, flushmount lighting, high ceilings and unique layouts command attention from the rental marketplace, ensuring plentiful demand in the marketplace. Enquire within for financials.
Listing Highlights for 2731 Federal St
Status
Active
Days on Site
75
Property Type
Commercial Sale
MLS ®
PAPH2509700
Year Built
2023
Total Square Footage
9,100
Lot/Acreage
0.14
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 70.00 x 90.00
- Zoning: I2
- Roof: Fiberglass
- Others: Excellent
- Sewer: Public Sewer
Financial Details
- Tax Amount: $1,636
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
2731 Federal St Philadelphia, PA 19146
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