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1951 Point Breeze Avenue, Philadelphia, PA 19145

$9,200,000
  • 1951 Point Breeze Avenue, Philadelphia, PA 19145 Main Photo

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BEDS0 BATHS MLS#PAPH2569688
STATUSACTIVE PROPERTY TYPECommercial - SUBDIVISIONPOINT BREEZE SCHOOLPHILADELPHIA 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.

1951 Point Breeze Avenue | MLS# PAPH2569688

This commercial property located at 1951 Point Breeze Avenue, Philadelphia, PA 19145 is currently listed for sale with an asking price of $9,200,000. Point Breeze Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.mikenelsonrealtor.com today.

Property Features

Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: 90% Forced Air
Lot Size: 0.24 Acres
Taxes: $7,809
Year Built: 2023

Feature Descriptions

Exterior: Brick, Aluminum Siding
Lot Dimensions: 0.24 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 15
Water: Public

Local Schools

School District: PHILADELPHIA CITY

Listed By / Shown By

Listed By

Agency Name: HomeSmart Realty Advisors
Agency Phone: 2156041191

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