$2,900,000
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85 E Sharpnack Street Philadelphia, PA 19119 Municipality: Philadelphia
Other
Residence
Beds
Baths
Sq. Ft.
0.15
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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INTRODUCING: 85 EAST â This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphiaâs historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 6% cap rate. Comprisin...g 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 Avenueâs commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airyâs 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, McMenaminâs, Jansen, Johnson House Historic Site, Weaverâs Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room â as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatementâpay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
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MLS#
PAPH2414060
Property Type
Other
Year Built
2022
Price per Sq. Ft.
$227.99
Lot Size
0.15
Sewer
Public Sewer
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