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1339 N MARSTON STREET

PHILADELPHIA , PA 19121

MLS#: 1009971186

$1,400,000

Status: Closed
Listing number: 1009971186
Listing provided by: BHHS Fox & Roach-Center City Walnut
Listing agent phone: None
Last update: 2 years ago
On site: 6 years ago
Browse Properties
BREWERYTOWN - Residential Income

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

2018

Sq.Footage

N/A

Investor alert: 1339 Marston is located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 4800 SF new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Each 2bd/2ba unit contains over 1000 SF with outdoor space, open concept living, high-design interiors, bi-level floorplans, hardwood floors, high ceilings, quartz countertops, pendant lights, modern appliances and conveniences throughout. Units 2-3-4 have convenient powder rooms located off the kitchen. All units feature 11' ceilings throughout, giving a supreme luxurious quality to each of the 4 units. This secure boutique building features outdoor patios for the lower level units with roofdecks for the upper units, showcasing sweeping skyline views of downtown Philly. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1339 Marston is surrounded by tastefully-designed new developments, common amenities, walkable retail and dining destinations on Girard Avenue, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6-cap return with over 83k in projected NOI (net operating income). Pro forma financials available upon request. Units are also being marketed as condos to homebuyers and are designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available as a package with 1342 Marston, 1341 Marston and 1219 27th for a total of 17 units in 4 buildings. Each unit at 1339 Marston is also on the market for sale as individual condos.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s)

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Other

Price

  • Sales Price

    $1,400,000

  • Tax Amount

    100.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

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PHILADELPHIA

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Listing Courtesy of Ryan J McManus , BHHS Fox & Roach-Center City Walnut

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Investor alert: 1339 Marston is located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 4800 SF new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Each 2bd/2ba unit contains over 1000 SF with outdoor space, open concept living, high-design interiors, bi-level floorplans, hardwood floors, high ceilings, quartz countertops, pendant lights, modern appliances and conveniences throughout. Units 2-3-4 have convenient powder rooms located off the kitchen. All units feature 11' ceilings throughout, giving a supreme luxurious quality to each of the 4 units. This secure boutique building features outdoor patios for the lower level units with roofdecks for the upper units, showcasing sweeping skyline views of downtown Philly. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1339 Marston is surrounded by tastefully-designed new developments, common amenities, walkable retail and dining destinations on Girard Avenue, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6-cap return with over 83k in projected NOI (net operating income). Pro forma financials available upon request. Units are also being marketed as condos to homebuyers and are designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available as a package with 1342 Marston, 1341 Marston and 1219 27th for a total of 17 units in 4 buildings. Each unit at 1339 Marston is also on the market for sale as individual condos.

1339 N MARSTON STREET

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