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1344-46 N Marston Street

PHILADELPHIA, PA 19121
  • $2,200,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: PAPH2176322
$2,200,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,916
    SQFT
  • $247
    $/SQFT
Neighborhood:
Type:
Multi-Family
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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www.marylandshoreliving.com/homes/134515756
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1344-46 N Marston Street PHILADELPHIA, PA 19121

  • Price: $2,200,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: PAPH2176322
0
Beds
0
Baths
0
½ Baths
0.07
Acres
8,916
SQFT
$247
$/SQFT
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

Architectural Style Contemporary Construction Materials Combination Garage YN No Location Type Urban Other Structures Above GradeBelow Grade Parking Types None Pool No Pool 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

Above Grade Fin SQFT 8916 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 4

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN Yes Cooling Fuel Electric Cross Street Master Street Elevators 0 Foundation Details Other Heating Fuel Natural Gas Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 8 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 801991573820 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 1959.00 Tax Assessment Amount 140000.00 Tax Lot 202 Vacation Rental YN No Water Source Public Zoning Rsa5

 
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