MLS® ID: PAPH728506
1335 N MARSTON STREET
PHILADELPHIA, Pennsylvania, 19121 $2,950,000
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.