85 E Sharpnack Street
Philadelphia, PA, 19119 $ 2,900,000
Baths0.0 Sq 12,720 Monthly Estimate*
$ 17,368
Studio
for $2,900,000. This 12,720 square foot building was built in 2022 on a lot size of 0.15.
INTRODUCING: 85 EAST This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphias historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 6% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenues commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airys eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamins, Jansen, Johnson House Historic Site, Weavers Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatementpay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
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FeaturesInteriorHeating Fuel Electric
Flooring Luxury Vinyl Plank
Hot Water Electric
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Entry Level 1
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GeneralSewer Public Sewer
Heating Wall Unit
Cooling Ductless/Mini-Split
Possession Immediate
Roof Fiberglass
Zoning RSA5
Construction Materials Brick
Year Built 2022
View Panoramic Scenic Vista City
Property SubType Five Or More Units
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
New Construction Y
Property Type Commercial Sale
Subdivision Name MT AIRY
Water Access Y/N N
Status ACTIVE
Directions BETWEEN ROSS AND GERMANTOWN ON SHARPNACK
City PHILADELPHIA
NumberOfUnitsTotal 9
MLS Area 19119 (19119)
Lot Size Units Square Feet
Lot Size Square Feet 6750.00
Waterfront Y/N N
Tax Annual Amount 2757.0
Property Condition Excellent
Price Per Sq Ft Total AG 227.99
Construction Completed Y/N Y
Historic Y/N N
Vacation Rental Y/N N
Days on Market 30
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 42
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ExteriorLot Features Flag
Water Source Public
Type of Parking Driveway
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 12720.00
Lot Dimensions 13.00 x 160.00
Lot Size Acres 0.15
Lot Size Source Assessor
Land Assessed Value 196970.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Liberty PlaceBroker
Affordability Calculator
- Monthly Principal & Interest
- $17,368
- Monthly Property Taxes
- $230
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,034,011
Percent of Sale Price 64%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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8/9/2024 | $2,900,000 | | Listed Price |