1335 North Marston Street
1335 North Marston Street
$2,590,000
—
11,571
11,571
$224
Closed 1/13/22
New Construction
Description
Introducing Penny Arcade Apartments, a best in class boutique multifamily investment property in Philadelphia's booming Brewerytown neighborhood by Fairmount Park. Each newly constructed spacious apartment features luxury design and contemporary features such as waterfall edge quartz, subway tile backsplash, floating vanities, wide plank flooring, oversized windows, high ceilings, neutral palettes, upgraded appliances and more. Elevator, rooftop terrace with panoramic skyline views, basement storage...Introducing Penny Arcade Apartments, a best in class boutique multifamily investment property in Philadelphia's booming Brewerytown neighborhood by Fairmount Park. Each newly constructed spacious apartment features luxury design and contemporary features such as waterfall edge quartz, subway tile backsplash, floating vanities, wide plank flooring, oversized windows, high ceilings, neutral palettes, upgraded appliances and more. Elevator, rooftop terrace with panoramic skyline views, basement storage included. Two units per floor in an optimally planned property that could easily be converted to luxury condos. The average unit size is over 1000 SF per apartment, a rarity in today's multifamily market. Six (6) 2 bedrooms and two (2) 3 bedrooms. 5.6% cap rate with a 6.2% pro forma cap rate based on market rate rents. Big rental upside for new owner. 10 year tax abatement (through 2029). This is the first in a collection of newly developed amenitized properties to be offered on the block, allowing investors the opportunity to purchase and maintain a critical mass of primely located luxury apartment buildings in one of Philly's fastest growing locations. Easy access into downtown Philly, University City, Fairmount Park and more. Walkable to bars, restaurants, breweries, cafes and shops along the Girard Avenue retail corridor.
Listing Agent
Property Details for 1335 North Marston Street
Tax ID Number
881822817
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleContemporary
WaterfrontNo
ViewsCity
GarageNo
Expected On Market Date09-24-2021
Location
LISTING UPDATED: 05/06/2022 04:04 PM
Property Details for 1335 North Marston Street
Status | Closed |
---|---|
MLS # | PAPH2027458 |
Days on Market | 32 |
Taxes | $1,792 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2018 |
Lot Size | 0.08 AC / 3,700 SF |
County | Philadelphia County |
Location
Building Information for 1335 North Marston Street
Stories-Residences4Year Built2018Building Size-Lot Size0.08 AC / 3,700 SF
Payment Calculator
$14,284 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1335 North Marston Street
Property History for 1335 North Marston Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1335 North Marston Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Morris Robert School PublicPK to 8 | ||
Vaux HS: A Big Picture School Public9 to 12 | ||
Carver High School Public7 to 12 | ||
Masterman Julia R Secondary School Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.