85 E Sharpnack Street, Philadelphia, PA 19119-2292 $2,900,000
Interior Sq. Ft: 12,720
Acreage: 0.15
Age:2 years
Taxes: $2,757
Subdivision: Mt Airy
Design/Type:
Other
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 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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Wall Unit Heating, Electric, Ductless/Mini-Split, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Driveway
Interior
Luxury Vinyl Plank Flooring
Exterior
Concrete Perimeter Foundation, Fiberglass Roof, Brick Exterior
Lot
Flag Lot, Urban, City View, Panoramic View, Scenic Vista View
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (89 schools)
Public Middle (16 schools)
Public High (33 schools)
Private (103 schools)
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This report is a detailed community overview for Philadelphia (19119), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $61,100
Community Summary
- Population Density (ppl / mile): 8,691
- Household Size (ppl): 2.32
- Households w/ Children: 46%
Housing Inventory
- Owned: 7,600 (57.4%)
- Rented: 4,185 (31.6%)
- Vacant: 1,453 (11.0%)
- Total: 13,238
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 4.4%
- High School Graduate: 20.6%
- Some College: 17.2%
- Associate Degree: 6.3%
- Bachelor's Degree: 22.9%
- Graduate Degree: 26.9%
Income by dollar range
Median Income: $64,237
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $663
- One Bedroom: $922
- Two Bedroom: $1,057
- Three Bedroom: $1,224
- Four Bedroom: $1,886
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-545-2233
Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, paul@teamoceanside.com
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 12/23/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.