85 East Sharpnack Street

Philadelphia, PA 19119

$2,900,000
Price
Beds
12,720 Sq. Ft.
$228 / Sq. Ft.
12,720
Sq. Ft.
$228
per Sq. Ft.

Description

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 Philadelphia’s 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...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 Philadelphia’s 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 Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s 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, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s 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 Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. Buyer to verify taxes, sf, financials in dd.
  1. Listed by Ryan J McManus • Keller Williams Liberty Place
    P: (610)-606-1095 ryan@agentphl.com
  2. Listed by Brandon Ribeiro • Keller Williams Liberty Place
    P: (267)-945-8167 brandon@agentphl.com

Property Details for 85 East Sharpnack Street

Tax ID Number
221121700
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Views
Panoramic, Scenic Vista, City
Garage
No
Subdivision
MT AIRY
LISTING UPDATED: 10/25/2024 04:17 PM

Property Details for 85 East Sharpnack Street

StatusActive
MLS #PAPH2414060
Days on Market54
Taxes$2,757 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2022
Lot Size0.15 AC / 6,750 SF
CountyPhiladelphia County

Building Information for 85 East Sharpnack Street

Stories-Residences4Year Built2022Building Size-Lot Size0.15 AC / 6,750 SF

Property Information for 85 East Sharpnack Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19119 (19119)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $196,970
  • Year Assessed: 2024
  • City Town Tax: $1,213
  • Land Assessed Value: $196,970
  • Clean Green Assessed: No
  • Land Use Code: SR
  • Historic: No
  • Zoning: RSA5
  • Tax Lot: 42
  • School Tax: $1,544
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 6
  • Three Bedroom Units Count: 3
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 13.00 x 160.00
  • Lot Dimensions Source: Estimated
  • Lot Features: Flag
  • Location Type: Urban
  • Parcel ID: 1012070
Parking
Parking
  • Type Of Parking: Driveway
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Ductless/Mini-Split
  • Cooling Fuel: Electric
  • Heating Type: Wall Unit
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 85 East Sharpnack Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 85 East Sharpnack Street

Taxable ValueLand-Additions-Total-
Home Facts
Beds0Lot Size6,750 SqFtStyleResidentialZoningRSA5CountyPHILADELPHIAAPN88-1-0008-38

Schools near 85 East Sharpnack Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Emlen Eleanor C School
PublicPK to 5

Roosevelt Theodore Middle School
PublicK to 8

King Martin Luther High School
Public9 to 12

Parkway Northwest
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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85 East Sharpnack Street is a multi-family home for sale in Philadelphia, PA 19119. This property was listed for sale on October 25, 2024 by Keller Williams Liberty Place, it's currently listed at $2,900,000. It has been on the market for a total of 54 days and was last sold on November 7, 2018. This listing's school district is The School District of Philadelphia. Nearby schools include Emlen Eleanor C School, Roosevelt Theodore Middle School and King Martin Luther High School. 85 East Sharpnack Street is a 0-bed, 0-bath, 12,720 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Liberty Place

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.