1951 Point Breeze Ave, Philadelphia, PA 19145
- $9,200,000
- List Price
- $9,200,000
- Days on Market
- 205
- Status
- ACTIVE
- MLS#
- PAPH2569688
- Lot Size (Acres)
- 0.24
- Year Built
- 2023
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
INTRODUCING 1951 POINT BREEZE AVE — A PREMIER CLASS A, 30-UNIT LUXURY APARTMENT ASSET IN ONE OF PHILADELPHIA’S BEST NEIGHBORHOODS. CONSTRUCTED JUST 2 YEARS AGO, THIS MODERN, HIGH-QUALITY BUILDING OFFERS INVESTORS A FULLY STABILIZED, TURN-KEY MULTIFAMILY INVESTMENT WITH 100% OCCUPANCY AND CONSISTENT, STRONG RENTAL DEMAND. AT FULL STABILIZATION, THE PROPERTY GENERATES APPROXIMATELY $60,000 IN MONTHLY INCOME, FURTHER ENHANCED BY AN APPROVED TAX ABATEMENT, RESULTING IN EXCEPTIONAL LONG-TERM CASH FLOW AND REDUCED OPERATING EXPENSES. DESIGNED FOR EFFICIENCY AND DURABILITY, THE ASSET FEATURES CONTEMPORARY FINISHES, ENERGY-EFFICIENT SYSTEMS, AND MINIMAL NEAR-TERM CAPITAL EXPENDITURE REQUIREMENTS. WITH ITS INSTITUTIONAL-GRADE CONSTRUCTION, LOW-MAINTENANCE PROFILE, AND CORE-PLUS MARKET POSITIONING, THIS PROPERTY REPRESENTS THE TYPE OF HIGH-PERFORMING, INCOME-PRODUCING ASSET SOUGHT BY DISCERNING INVESTORS SEEKING STABILITY, GROWTH, AND LONG-TERM APPRECIATION.
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Additional Information
- Area
- 19145 (19145)
- Subdivision
- Point Breeze
- Taxes
- $7809
- School District
- Philadelphia City
- Heating
- 90% Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of HomeSmart Realty Advisors. Contact: 2156041191