1. Pennsylvania
  2. Philadelphia
  3. 85 E SHARPNACK STREET
$2,450,000

85 E SHARPNACK STREET, Philadelphia, PA 19119

  • 12,720 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2022
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $193/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 7.1% cap rate. Comprising 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 Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s 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, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.

Listing Status:
Active
Date Added:
October 25, 2024 at 05:00AM
Listing Office:
Keller Williams Liberty Place : 6093995454
Listing Agent:
Ryan J McManus : 6106061095
MLS ID:
PAPH2414060
  • Flooring: Luxury Vinyl Plank
  • A/C: Ductless/Mini-Split
  • Heating: YWall UnitElectric
  • Disability Feature: None

This listing courtesy of Ryan J McManus, Keller Williams Liberty Place

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Elenor C. Emlen Elementary School

6501 Chew Ave, Philadelphia, PA, 19119

Grades KG-5

0.30 miles away

R

Roosevelt Elementary School

430 E Washington Ln, Philadelphia, PA, 19144

Grades KG-8

0.45 miles away

P

Parkway Northwest

6200 Crittenden St, Philadelphia, PA, 19138

Grades 9-12

0.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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