1951 Point Breeze Ave, Philadelphia, PA 19145

$9,200,000

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List Price
$9,200,000
Days on Market
203
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 APPROXIMATELY 90% 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.

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

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Calculator source: Real Geeks

Listing courtesy of HomeSmart Realty Advisors. Contact: 2156041191

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