Property Details

Description

Fantastic CORNER BRAND NEW CONSTRUCTION Mixed-Use Triplex (2 Residential Units, 1 Commercial Unit, 3,419 TOTAL FINISHED SQUARE FEET including the basement) For Sale, with an APPROVED PHILADELPHIA 10 YEAR TAX ABATEMENT in the rapidly expanding Brewerytown neighborhood! The Pro Forma Uploaded To the Listing has the rent roll, income, expenses and net operating income. Take advantage of this unique opportunity to realize market rents with strong upside growth potential and minimal operating expenses. The top Unit, #3, features 4 Bedrooms, 2 Full Bathrooms, a HUGE PRIVATE ROOF DECK with Incredible Views of Center City and All Directions, a Washer/Dryer and is an estimated 1,344 square feet! The second floor features a stylish Large Modern Open Kitchen with Granite Countertops, an Island, Brand New Stainless Steel Appliances and an Expansive Living Room area for relaxing and entertaining. THIS UNIT IS RENTED FOR 2 YEARS: Year 1-$2,300 Monthly, Year 2-$2,369 (3% increase). The Year 3 Projected Average Rent is $2,440 Monthly. The bedrooms are located on the third floor. Unit #2 has 3 Bedrooms, 2 Full Bathrooms, a PRIVATE REAR FENCED IN YARD, a Washer/Dryer and is an estimated 1,354 square feet. There is an elegant first floor Modern Open Kitchen with Granite Countertops, an Island, Brand New Stainless Steel Appliances and a living room. Two of the bedrooms are on the second floor, one of which even features a JULIET BALCONY. It streams tons of natural light along with the Big Windows. There is a bedroom in the finished basement, and a bonus room for an office or gym. THIS UNIT IS LISTED FOR RENT at $1,999 Monthly. All of the Building Systems are New, and the cooling and heating are electric. The two residential units offer durable luxury vinyl plank flooring and large floor plans. The Commercial Unit is perfectly situated on the Ground Floor, featuring Two Entrances, an open floor plan and an ADA accessible ramp. Plus, there is a Finished Basement with a Large Half Bathroom and a modern mini split system for cooling and heating. This unit is an estimated 721 square feet. THIS UNIT IS LISTED FOR RENT at $1,299 Monthly. This building will be a great appreciating asset. Tenants will enjoy the close walkable proximity to Brewerytown’s growing Girard Avenue commercial corridor, and being nearby to Center City, the Art Museum area, the Ben Franklin Parkway and Fairmount. STREET PARKING IS AVAILABLE! Major highways and SEPTA public transit are close: on Girard Ave there are trolleys that run to and from both Center City and West Philadelphia, and there are buses nearby. OPTION: SELLER WILL PROVIDE SECURED FINANCING FOR BUYER TO PAY FOR THE PROPERTY UNDER MUTUALLY ACCEPTABLE TERMS. Take advantage of this special opportunity before it is too late!

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