$840,000
$875,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
3,650 SqFt
SOLD DATE : 10/10/2017
Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $230
Subdivision Brewerytown
MLS Listing ID 1000430701
Sold Date 10/10/17
Style Other
HOA Y/N N
Abv Grd Liv Area 3,650
Originating Board TREND
Year Built 2017
Annual Tax Amount $235
Tax Year 2017
Lot Size 1,400 Sqft
Acres 0.03
Lot Dimensions 14X100
Property Description
Attention multifamily investors! Embrace the rare opportunity to own a masterfully-built new construction triplex located in the epicenter of Brewerytown, one of Philadelphia's leading emerging submarkets. Achieve strong market rate rents coupled with extremely low operating costs here on N 27th Street, located just off the bustling Girard Avenue commercial corridor featuring the shops, breweries, pubs, bars, restaurants, cafes, bikeshare stations and fitness studios Brewerytown's become known for. Built by Argo Property Group, all units feature washer/dryer combo plus spacious bedrooms, ceiling fans, quartzite countertops, subway tile backsplashes, modern vanities, fixtures and hardware, open floorplans, energy efficient stainless steel kitchen appliances, high efficiency splitless HVAC systems, beautiful 5-inch maple hardwood floors throughout, 9' ceilings on every level including basement, and oversized windows which allow natural light to pour into the building all day long. The new construction corridor on N 27th Street is lined with an exciting mix of new developments, many of which were constructed by Argo Property Group. The thoughtful, cleanly electric-powered design of the building contributes to the low operating costs as does a transferable 10-yr tax abatement. Projected rent for the 1,640 SF bi-level 3bd/3ba apartment (unit 1) is 2,100/month and rents for the 860 SF 2bd/2ba flats (units 2/3) are 1,750/month. Unit 1 features a 30' deep rear yard with permeable pavers and cedar fencing and the whole building has access to a shared roofdeck offering some of the best unobstructed views in the city. The roofdeck is thoughtfully designed with LED lighting, water hook-ups, two separate spaces and high privacy barrier walls. These units are also listed for sale as individual condo units so act fast to acquire this marquee multifamily investment opportunity! Reach out to Ryan to arrange immediate showings. More photos coming soon; existing photos are from a similar project built by developer.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Interior Features Ceiling Fan(s), Sprinkler System
Hot Water Electric
Heating Electric
Cooling Energy Star Cooling System
Flooring Wood
Fireplace N
Window Features Energy Efficient
Heat Source Electric
Laundry Washer In Unit, Dryer In Unit
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 291375400
Ownership Fee Simple
Security Features Security System,Intercom
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Bought with Jessica J Li • Long & Foster Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "