Bob Miller
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Bill Luke
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1827-1870 N MARSTON STPhiladelphia, PA 19121 0

$6,290,000
Commercial
Status: Active
  • Sqft:30,600
  • Lot:0.3 acre
  • MLS#: PAPH2114846
39.983638763427734-75.17919921875
Courtesy Of RE/MAX Elite, mlisitsa@yahoo.com

Description:

The vision behind Marston Walk was conceived when Omega Home Builders purchased a unique assemblage of vacant lots in one of the fasted developing neighborhoods in the City of Philadelphia. On behalf of ownership, now be offered are 17 new construction luxury single-family residences (Phase II & III), all situated on the 1800 block of North Marston St in the Brewerytown/Strawberry Mansion sections of Philadelphia. This turn-key opportunity offers a potential buyer the ability to own 17 SFH (single-family home) residences in a neighborhood where both rent, and equity appreciation outpace comparable sub-markets. With over 30,000 square feet in total, each of the 17 SFH residences comes in at approximately 1,800 square feet and boasts 3 bedrooms, 3 full bathrooms, a finished basement, backyard patio, roof deck, as well as all being laden in luxurious designer finishes by Romi Designs Studio. Each residence comes with a 10-year tax abatement, builder’s warranty and one of the most attractive value propositions of all, the ability for the seller to manage the property portfolio at an attractive rate. Both Brewerytown and Strawberry Mansion are poised for significant upside, mainly due to its proximity to the largest master planned development in the history of Philadelphia. Schuylkill Yards and the 30th Street District are in tandem $3.5 billion and $6.5 billion projects being developed by Brandywine Realty Trust (NYSE - $BDN) in partnership with Drexel University, Amtrak, SEPTA, Pennsylvania Department of Transportation. With Philadelphia positioned a hub for both “eds and meds,” Marston Walk is also conveniently located close to major educational and healthcare institutions such as Temple University, Drexel University, The University of Pennsylvania & The Wharton School of Business. We foresee the potential for asymmetric equity appreciation presenting itself with Marston Walk. Marston Walk is available for purchase as a whole or by phases of the project. The f

Main Features:

Listing Status Active Year Built 2022
School District THE SCHOOL DISTRICT OF PHILADELPHIA County PHILADELPHIA
Taxes $8,800.00 Tax Year 2022
Rental Price $0 Subdivision Brewerytown
Building Name NONE AVAILABLE

Additional Features:

Air Conditioning Yes
Building Area Source Estimated
Business Type Other
Cooling Central A/C
Cooling Fuel Electric
Electric 200+ Amp Service
Expenses Include Insurance
Other
Repair/Maintenance
Financing Cash
Conventional
Flooring Luxury Vinyl Plank
Tile/Brick
Foundation Concrete Perimeter
Gross Income Includes Apartment Rentals
Heating Forced Air
Heating Fuel Natural Gas
Municipality PHILADELPHIA
New Construction Yes
Possession Negotiable
Rental Features No
Roof Fiberglass
Sewer Public Sewer
View City
Water Access No
Water Heater Natural Gas
Water Source Public
Waterfront No

Extra Features:

Attribution Contact (215) 328-4800 Attribution Contact mlisitsa@yahoo.com
Building Square Feet 40000.00 Cap Rate 6.83
Gross Expenses 59918.00 Gross Income 489600.00
Insurance Exp 20400.00 List Type (Exclusive) Exclusive Right
MLSSystem ID BRIGHT Net Operating Income 429682.00
Operating Expense 89535.00 Permits On Hand
Price Per SQFT 157.25 Rent Amount 489600.00
Sourced By Bright MLS Total Parking Spaces 0

MLS LogoThe data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 Bright MLS, Inc.
Last Updated On: 2/7/2023 5:11:28 PM

1827-1870 N MARSTON ST, Philadelphia, PA 19121

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MLS LogoThe data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 Bright MLS, Inc.
Last Updated On: 2/7/2023 5:11:28 PM

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