85 East Sharpnack Street
$2,900,000
—
12,720
12,720
$228
New Construction
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.
- Listed by Ryan J McManus • Keller Williams Liberty PlaceP: (610)-606-1095 ryan@agentphl.com
- Listed by Brandon Ribeiro • Keller Williams Liberty PlaceP: (267)-945-8167 brandon@agentphl.com
Property Details for 85 East Sharpnack Street
Tax ID Number
221121700
OwnershipFee Simple
Structure TypeOther
StyleOther
WaterfrontNo
ViewsPanoramic, Scenic Vista, City
GarageNo
SubdivisionMT AIRY
LISTING UPDATED: 10/25/2024 04:17 PM
Property Details for 85 East Sharpnack Street
Status | Active |
---|---|
MLS # | PAPH2414060 |
Days on Market | 54 |
Taxes | $2,757 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2022 |
Lot Size | 0.15 AC / 6,750 SF |
County | Philadelphia 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
Property History for 85 East Sharpnack Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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