Bob Miller
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Bill Luke
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1344-46 N MARSTON STPhiladelphia, PA 19121 0

$2,200,000
Commercial
Status: Active
  • Sqft:9,000
  • Lot:0.07 acre
  • MLS#: PAPH2173226
39.977008819580078-75.18084716796875
Courtesy Of Compass Pennsylvania, LLC, (267) 380-5813

Description:

Behold: The ICELANDIC — a best-in-class, 8-unit boutique apartment building in the booming Brewerytown submarket of Philadelphia, Pennsylvania. Designed by renowned architecture firm BRIGHT COMMON and developed by leading city developer ARGO PROPERTY GROUP, this stabilized investment property boasts massive curb appeal with its striking cobalt facade. Each unit is spatially maximized to provide idyllic living conditions for its occupants. The building includes energy efficient apartments, private balconies, bi-level floorplans, bike and tenant storage, and plenty of square footage per unit. One 1bd, three 3bd, and four 2bd apartments for a total of 8 (eight) units under one roof. There is approximately 20% rental upside based on comparable rents on the block and in the submarket. This is an area poised for tremendous rent growth and asset appreciation. Numerous investment sales comps on the block (enquire within) already completed by Argo PG. Additionally, 1327 Marston (aka Milk Depot Apartments) is also available right across the street, to provide an extra 17-units of critical mass for the savvy investor. 10 year tax abatement remains in effect. Minimal OPEX. Turnkey multifamily investment.

Main Features:

Listing Status Active Year Built 2019
School District THE SCHOOL DISTRICT OF PHILADELPHIA County PHILADELPHIA
Taxes $1,959.00 Tax Year 2023
Rental Price $0 Units 8
Subdivision Brewerytown

Additional Features:

Air Conditioning Yes
Building Area Source Estimated
Business Type Apartment Building
Cooling Central A/C
Cooling Fuel Electric
Heating Central
Heating Fuel Electric
Historic YN No
Location Urban
Lot SF Source Assessor
Municipality PHILADELPHIA
New Construction No
Possession Settlement
Rental Features No
Sewer Public Sewer
View City
Water Access No
Water Heater Electric
Water Source Public
Waterfront No

Extra Features:

Assessment Year 2023 Attribution Contact (267) 380-5813
Building Square Feet 9000.00 List Type (Exclusive) Exclusive Right
MLSSystem ID BRIGHT Number Of Elevators 0
Price Per SQFT 244.44 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 4:09:36 PM

1344-46 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 4:09:36 PM

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