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1344-46 N Marston Street

PHILADELPHIA, PA 19121
  • $2,200,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: PAPH2173226
UPDATED: 71 min ago
$2,200,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2019
County:

School Ratings & Info

Description

Behold: The ICELANDIC +GG a best-in-class, 8-unit boutique apartment building in the booming Brewerytown submarket of Philadelphia, Pennsylvania. Designed by renowned architecture firm BRIGHT COMMON and developed by leading city developer ARGO PROPERTY GROUP, this stabilized investment property boasts massive curb appeal with its striking cobalt facade. Each unit is spatially maximized to provide idyllic living conditions for its occupants. The building includes energy efficient apartments, private balconies, bi-level floorplans, bike and tenant storage, and plenty of square footage per unit. One 1bd, three 3bd, and four 2bd apartments for a total of 8 (eight) units under one roof. There is approximately 20% rental upside based on comparable rents on the block and in the submarket. This is an area poised for tremendous rent growth and asset appreciation. Numerous investment sales comps on the block (enquire within) already completed by Argo PG. Additionally, 1327 Marston (aka Milk Depot Apartments) is also available right across the street, to provide an extra 17-units of critical mass for the savvy investor. 10 year tax abatement remains in effect. Minimal OPEX. Turnkey multifamily investment.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-09T19:52:17.457.
www.execuhome.com/homes/134243730
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1344-46 N Marston Street PHILADELPHIA, PA 19121

  • Price: $2,200,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 71 min ago
  • ID#: PAPH2173226
0
Beds
0
Baths
0
½ Baths
0.07
Acres
2019
Built
Neighborhood:
Brewerytown
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Behold: The ICELANDIC +GG a best-in-class, 8-unit boutique apartment building in the booming Brewerytown submarket of Philadelphia, Pennsylvania. Designed by renowned architecture firm BRIGHT COMMON and developed by leading city developer ARGO PROPERTY GROUP, this stabilized investment property boasts massive curb appeal with its striking cobalt facade. Each unit is spatially maximized to provide idyllic living conditions for its occupants. The building includes energy efficient apartments, private balconies, bi-level floorplans, bike and tenant storage, and plenty of square footage per unit. One 1bd, three 3bd, and four 2bd apartments for a total of 8 (eight) units under one roof. There is approximately 20% rental upside based on comparable rents on the block and in the submarket. This is an area poised for tremendous rent growth and asset appreciation. Numerous investment sales comps on the block (enquire within) already completed by Argo PG. Additionally, 1327 Marston (aka Milk Depot Apartments) is also available right across the street, to provide an extra 17-units of critical mass for the savvy investor. 10 year tax abatement remains in effect. Minimal OPEX. Turnkey multifamily investment.
Exterior Features

Construction Materials Combination Garage YN No Location Type Urban Parking Types None Property Condition Excellent Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9000.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 9000.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street Master Street Elevators 0 Heating Fuel Electric Historic YN No Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 8 Original MLSNumber 801971905342 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 1959.00 Tax Assessment Amount 140000.00 Tax Lot 202 Vacation Rental YN No Water Source Public Zoning Rsa5

Listing courtesy of Compass Pennsylvania, Llc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-09T19:52:17.457.
 
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