Philadelphia, PA 19121,1339 N MARSTON ST
Philadelphia, PA 19121,1339 N MARSTON ST
Philadelphia, PA 19121,1339 N MARSTON ST
Philadelphia, PA 19121,1339 N MARSTON ST
Philadelphia, PA 19121,1339 N MARSTON ST
Philadelphia, PA 19121,1339 N MARSTON ST
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$1,300,000

$1,400,000

7.1%
Est.Price: ?

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Est. payment /mo

1,850 Sqft Lot


SOLD DATE : 12/20/2018

Key Details

Sold Price $1,300,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision Brewerytown

MLS Listing ID 1009971186

Sold Date 12/20/18

Style Other

HOA Y/N N

Originating Board TREND

Year Built 2018

Annual Tax Amount $100

Tax Year 2018

Lot Size 1,850 Sqft

Acres 0.04

Lot Dimensions 18X100

Property Description

Investor alert: 1339 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 4800 SF new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Each 2bd/2ba unit contains over 1000 SF with outdoor space, open concept living, high-design interiors, bi-level floorplans, hardwood floors, high ceilings, quartz countertops, pendant lights, modern appliances and conveniences throughout. Units 2-3-4 have convenient powder rooms located off the kitchen. All units feature 11' ceilings throughout, giving a supreme luxurious quality to each of the 4 units. This secure boutique building features outdoor patios for the lower level units with roofdecks for the upper units, showcasing sweeping skyline views of downtown Philly. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1339 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 83k in projected NOI (net operating income). Pro forma financials available upon request. Units are also being marketed as condos to homebuyers and are designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available as a package with 1342 Marston, 1341 Marston and 1219 27th for a total of 17 units in 4 buildings. Each unit at 1339 Marston is also on the market for sale as individual condos.

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)

Hot Water Electric

Heating Electric, Radiator

Cooling Energy Star Cooling System

Flooring Wood

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 292072325

Ownership Fee Simple

SqFt Source Estimated

Security Features Security System

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • BHHS Fox & Roach-Center City Walnut
Bought with Juliet C. Welker • Coldwell Banker Welker Real Estate
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980 Mercantile Dr, Hanover, MD, 21076, United States

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