1341 N MARSTON ST $5,140,000

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    1341 N MARSTON ST PHILADELPHIA, PA 19121

    • 18,912 sq.ft.
    • 0.04 Acres
    • Commercial
    MLS# 1009971340 | ACTIVE

    $5,140,000

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    Days On Market: 49 13 Views
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    Property Details

    Investor alert: Brewerytown Commons is located in the coveted new Opportunity Zone. Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This 4-building collection of new construction multifamily properties totals 18,900+ SF with 17 units located in the booming Brewerytown area of Philadelphia. This submarket has become one of the most in-demand neighborhoods in all of Philly, with notable retailers, amenities, bars, cafes and restaurants conveniently sprinkled throughout the area to support the thousands of new residential units delivered over the last half decade. The area is primarily made up of millennials, YP's and long-time property owners. The portfolio was developed carefully by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Expect cash flow and appreciation from day one of ownership. Each spacious 2-3 bedroom unit features open concept living, high-design interiors, quartz countertops, pendant lighting, high ceilings, modern appliances and conveniences throughout. The secure boutique buildings feature oversized energy efficient windows for dramatic natural light, significant curb appeal and offer the future owner an opportunity to achieve critical mass in a rapidly growing area ? 3 buildings are located on the 1300 block of Marston while the remaining property is located on the 1200 block of 27th, just two blocks apart. Also on the 1200 block of 27th is another collection of 17 units also developed by Argo Property Group (no longer available). Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. The portfolio is surrounded by other tastefully-designed new developments, Brewerytown's booming Girard Ave commercial corridor with destinations like Pizza Dads, Crime & Punishment Brewing Co., cycle studios, yoga studios, cafes, bars, and other hip retailers,.common amenities, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6+ cap rate with over 309k in combined NOI. Designed to for sale caliber specs. 10 yr tax abatement. 1 year builder warranty. Roof decks and patios and shared outdoor spaces are featured in most units. Financing term sheet available upon request.

    • General Features
      • Condo Coop Association Y/N N
      • County PHILADELPHIA
      • HOA Y/N N
      • New Construction Y/N N
      • Tax Annual Amount 666.0
      • Tax Year 2018
      • Utilities Water Available,Electric Available,Cable TV Available
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 2018
      • Zoning RM1
    • Building Features
      • Building Count 4
      • Building Features Ceiling Fans,Fencing,Security System,Sprinkler System
      • Building Name BREWERYTOWN COMMONS
      • Business Type Apartment Building
      • Flooring Type Wood
      • Sewer Septic Public Sewer
    • Property Features
      • Lot Size Acres 0.04
      • Lot Size Dimensions 18X100
    • Schools
      • School District THE SCHOOL DISTRICT OF PHILADELPHIA

    Contact

    Ryan McManus

    Sales Associate

    Center City-Society Hill

    Mobile Phone: 267-838-5265

    Neighborhood

    Market Last 30 Days

    $167,500 Median Sales Price
    36 Homes Sold
    53 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,140,000
        10/21/2018 2:54:00 PM New in Database Source

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