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Amazing opportunity to own a SIX unit brick apartment building with massive roof deck in a prime Fishtown location! This stylish new construction building was completed in spring of 2022 and is just a half a block from bustling Frankford Ave and the El (subway), the location can't be beat. Annual rent roll for 2023 was $177,000. Incredibly low taxes $2,239/yr! Full tax abatement until April 2032. Two (2) ground floor units are bi-level and include 2 bedrooms, 2 full bathrooms, and large private yards. Two (2) second floor units include 1 bedroom, 1 bathroom, and shared balconies. Two (2) third floor units are bi-level and include 2 bedrooms with shared balconies, 2 en-suite bathrooms, 1 half bathroom and private balconies on the main living level. In addition to the private yards and balconies offered with each unit, all units share a large 1500+ sqft common roof deck with panoramic views of the city skyline. Black sound transmission class Pella windows with built-in blinds between the glass, spray foam insulation throughout, PEX plumbing manifold, fiberglass roof, security surveillance system, custom steel security gate and bike room gate, recessed LED lighting, matte black hardware and fixtures... Large kitchens include gas cooking, stainless appliances, quartz counters, and tiled backsplash. Water and scratch resistant luxury vinyl wood flooring throughout, the perfect long lasting flooring choice for durability with tenants and pets. Tile flooring in lower level. All units include washer/dryers, double sink vanities, great closet space, and stylish finishes throughout. Each unit having outdoor space is a rare find in apartment buildings and added bonus! Large irregular lot, approximately 40' wide and 56' deep, allows for spacious units and outdoor living spaces. Steps away from public transportation, restaurants, coffee shops, gyms, galleries, parks, vibrant nightlife, and everything else that Fishtown offers! Fully occupied, must give tenants 24hrs+ for any showings. Builder is also present for all showings.
Property Type(s):
Commercial
| Last Updated | 9/15/2024 | Year Built | 2022 |
|---|---|---|---|
| Community | 19125 (19125) | County | PHILADELPHIA |
Price History
| Prior to Jul 22, '24 | $2,600,000 |
|---|---|
| Jul 22, '24 - Sep 15, '24 | $2,500,000 |
| Sep 15, '24 - Today | $2,450,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19125 (19125) |
| CONSTRUCTION | Brick, Vinyl Siding |
| HEAT | Electric, Hot Water |
| LOT | 2178 sq ft |
| LOT DESCRIPTION | Irregular Lot |
| LOT DIMENSIONS | 40"W x 46-56'D |
| SEWER | Public Sewer |
| STORIES | 5 |
| TAXES | 6863 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
Location
Listing provided by Coldwell Banker Realty
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Data last updated: 1/10/25 3:39 AM PST
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