MLS® ID: PAPH728506

1335 N MARSTON STREET

PHILADELPHIA, Pennsylvania, 19121

$2,950,000 Active
  • 5820 SQFT
Located in Federal Qualified Opportunity Zone. Investors/buyers can defer capital gains into the purchase of this property before construction completion; time is of essence as the building progresses in order to take advantage of these lucrative tax benefits. Schedule a tour today to learn more about this real estate investing strategy: one hundred billion dollars in capital are expected to spur development in these specially designated and highly coveted zones. 1335 Marston is an 8-unit boutique rental building which features spacious +/-1000 SF 2-3bd units, contemporary "for sale" caliber finishes, fixtures and features, an elevator servicing every floor, panoramic skyline roofdeck, shared ground floor outdoor space + more. Easy walk to Brewerytown attractions like Crime & Punishment Brew Co, Pizza Dads, Green Eggs Cafe + more shops, bars, restaurants, cafes, studios. Walk to Fairmount Park, Boathouse Row, Philadelphia Museum of Art + more world-class cultural attractions. Surrounded by new construction in every direction. The Brewerytown submarket features incredibly and increasingly strong rental demand. Investor focus = long term rent growth and asset appreciation. Ability for new owner to sell as condos in year 3, 5, 7 etc. Low operating expenses + 10year tax abatement. Limited investment opportunity; units are also being sold as condos. Incredibly hip emerging area of Philadelphia, coveted by millennials and professionals. 171K+ pro forma NOI. 1-year builder warranty honored at time of sale.**Please note MLS only allows up to 4 units entered for listing; there are 8 (Eight) units being offered here. Pro forma financials, floor plans, doll house 3d building elevations available upon request. *Being sold on pro forma basis. This is the last multifamily building available from this developer; all others have sold.
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Listing courtesy of Compass Pennsylvania, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19121
  • Office name
    Compass Pennsylvania, LLC
  • SQFT
    5820
  • Bedrooms
    0
  • Property type
    Townhouse
  • Zoning type
    RM1
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    2019
  • Lot size
    0.08
  • Sewer
    Public Sewer
  • Heating
    Central
  • Agent name
    Ryan J McManus
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    5000-7000 sq ft.
  • Year Built Range
    After 2010
  • Office ID
    COMPASS1
  • Agent ID
    3197472

Location

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