INTRODUCING: THE GRACE â named for a Philadelphia icon, Grace Kelly â this boutique new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. Nearly fully leased in its first year of occupancy, this premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue â the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting with studios, 1bd and 2bd apartments, 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, itâs 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, Septaâs regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much moreâjust 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 â NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
Beautiful, historic, well-preserved and updated, HUGE POTENTIAL are all words that come to mind when thinking about this East Falls stunner! This 2,700 square foot stone twin TRIPLEX includes 1 two-bedroom, one-bathroom apartment and 2 one-bedroom, one bath each on separate utilities. This property is well situated for a seasoned investor looking for a value-add project for an expanding port folio, or a first-timer who might be looking for a home to call their own yet also thinking of off-setting the mortgage using the income of the other two units. Each unit is decked out in beautiful hardwood flooring, gorgeous stone, and stained- glass detailing along the stairwells, built-ins, and gigantic functioning fireplaces on every floor. The kitchen is freshly updated with shaker cabinetry and matching appliances, and a welcoming backyard with flowering trees for you and/or your tenants to enjoy in the warmer months perfect for barbequing and hosting the neighbors, friends, and family. The enclosed, wrap-around porch for you to enjoy the vistas even in the cooler months. Many recent updates to the property will save you boatloads in the long run, such as a new roof, newer mechanicals, updated kitchens, and appliances. Whatâs not to love? The location is also sublime with the Queen Lane Train Station right across the street making the commute to Center City an absolute breeze, and cheap as well. Forget the expensive car! With Drexel, Thomas Jefferson Universities, AND the much sought-after Germantown Friends School all within walking distance, this is a no-brainer for young families or college students looking for a good rental. And La Salle University is just a short commute as well. Wanna find out more? Inquire today!
Attention All Investors!!! Here's a great opportunity to own an amazing property in Philadelphia. This duplex has strong bones and lots of potential. A perfect fit if you are looking to invest. This well maintained 1+1 duplex comes with the added benefit ensuring a steady income stream from day one. Key features of this investment include wall-to-wall carpeting, newer windows, and separate utilities, providing convenience and ease of management. Buyer is responsible for clean out and obtaining all necessary reports including U&O. One unit is tenant occupied, month-to-month lease.
Attention All Investors! Here's a great opportunity to own an amazing property in Philadelphia. This duplex has strong bones and lots of potential --- a perfect fit if you are looking to invest. This well-maintained 1+1 duplex comes with the added benefit ensuring a steady income stream from day one. Key features of this investment include wall-to-wall carpeting, newer windows, and separate utilities, providing convenience and ease of management. Buyer is responsible for clean out and obtaining all necessary reports including U&O.
This is a great location with an established tattoo shop business, parking, and 2 additional residential units!! Located in the heart of East Falls and close to Kelly Drive, Garden, Laurel Hill, and train station. Each unit has separate utilities and has been recently updated!! This is a super charming and great cash flow property!
This property is now back on the market! The exterior facade has been newly renovated. Look at this investment property in the heart of the East Falls neighborhood of Philadelphia, PA! This newly remodeled 4 apartment PLUS commercial space building is ready for a new owner. Seller says âLetâs make a dealâ on this gem situated on the busy corridor of Ridge Avenue. Tenants have started to move in and we expect the rest of the units to soon be leased out. This property is located across the street from Fairmount Parkâs walking/biking loop and within a 10-minute walk to Jefferson University. Having shops, restaurants, and public transportation a stoneâs throw away, makes this property an ideal location for renters! Please contact me for more details! Call or Text anytime!
The median home value in Philadelphia, PA is $205,900. This is lower than the county median home value of $223,800. The national median home value is $338,100. The average price of homes sold in Philadelphia, PA is $205,900. Approximately 47.02% of Philadelphia homes are owned, compared to 42.7% rented, while 10.28% are vacant. Philadelphia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Philadelphia real estate agent to arrange a tour today!
Philadelphia, Pennsylvania 19129 has a population of 1,596,865. Philadelphia 19129 is less family-centric than the surrounding county with 20.04% of the households containing married families with children. The county average for households married with children is 21.3%.
The median household income in Philadelphia, Pennsylvania 19129 is $52,649. The median household income for the surrounding county is $52,649 compared to the national median of $69,021. The median age of people living in Philadelphia 19129 is 34.8 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 47.2 inches per year, with 13.1 inches of snow per year.