Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2020
Sq.Footage
N/A
Fully occupied turn-key investment opportunity located in the heart of Fishtown. Built in 2020, the property features 11 residential units, 1 commercial space and 3 parking spaces. The property is very well designed featuring spacious residential units with high ceilings and plenty of natural light. The apartments also feature high-end finishes such as gourmet kitchens with quartz counters, stainless steel appliances & white cabinets; tile surround bathrooms; and pre-engineered plank flooring and tile flooring throughout. All units are self-contained, with washer and dryer in each unit. The property features new systems, i.e. HVAC, sprinkler system throughout, hard wired smoke and fire system, electric, and plumbing. There is potential to add private storage units for each residential unit, which could bring an additional $6,600 per year or more in rental income. Under the current zoning code, the property is legally zoned for and could be easily converted to a short term rental building. The seller has previously received offers from multiple short term rental operators to master lease all of the residential units at substantially higher rents. The commercial space is leased to Dock Street Brewery as a tap/ tasting room. Established in 1985, Dock Street is one of Philadelphia’s oldest microbreweries. Dock Street is a fantastic fit for the bustling commercial corridor of N. Front St., joining neighboring tenants Middle Child Clubhouse, WM Mulherin’s Sons, Front Street Café, Train and Nourish Studio, Halcyon Floats, Liberty Kitchen and many more restaurants and retailers. The property is extremely well located in the core of Fishtown, right at the steps of the Girard Ave stop for the Market-Frankford Line. Fishtown was recently featured in Forbes magazine in an article titled, “Fishtown, Philadelphia Is Still One Of America’s Hottest New Neighborhoods”. Located north of Center City, the neighborhood is home to some of the best restaurants and bars with a diverse demographic of families, young professionals, hipsters and artists. The property is ideally located along the I-95 corridor for easy access to downtown Philadelphia, South Jersey, and the Philadelphia suburbs.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Forced Air
Exterior
-
Garage
No
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.08
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$3,950,000
-
Tax Amount
3252.0
-
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
-
Accessibility Features
Accessible Elevator Installed
-
Sewer
Public Sewer
-
Tax Lot
77
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Nadia T Bilynsky , Mallin Panchelli Nadel Realty Inc
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