$1,225,000
$1,250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1,850 Sqft Lot
SOLD DATE : 12/20/2018
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Brewerytown
MLS Listing ID 1009971164
Sold Date 12/20/18
Style Other
HOA Y/N N
Originating Board TREND
Year Built 2018
Annual Tax Amount $666
Tax Year 2018
Lot Size 1,850 Sqft
Acres 0.04
Lot Dimensions 18X100
Property Description
Investor alert: 1341 Marston 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 pristine 4720 SF 3/4-leased new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Cash flow and appreciation are guaranteed from day one. Each 3bd/2ba unit contains over 1100 SF with open concept living, high-design interiors, hardwood floors, quartz countertops, pendant lights, high ceilings, modern appliances and conveniences throughout. This secure boutique building features striking exterior architecture set on a prominent corner lot. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1341 Marston is surrounded by tastefully-designed new developments, common amenities, walkable retail and dining destinations on Girard Avenue, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6+ cap return with over 77k in projected NOI (net operating income). Pro forma financials and floorplans available upon request. Designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available with 1219 27th, 1342 Marston, 1339 Marston as a 4 building package with 17 units total.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Interior Features Ceiling Fan(s), Sprinkler System
Hot Water Electric
Heating Electric
Cooling Energy Star Cooling System
Fireplace N
Window Features Energy Efficient
Heat Source Electric
Laundry Washer In Unit, Dryer In Unit
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 292072405
Ownership Fee Simple
SqFt Source Estimated
Security Features Security System,Security Gate
Special Listing Condition Standard
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Bought with Justin Kane • BHHS Fox & Roach-Center City Walnut
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”