For Sale
$2,900,000

85 Sharpnack StPhiladelphia, PA 19119

9-Unit Multifamily, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity in Philadelphia's desirable Mount Airy neighborhood. This turnkey, 9-unit apartment building boasts three contiguous, three-story buildings, each featuring two 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit. All units offer high-end finishes including quartz countertops, LVP flooring, and stainless-steel appliances. Residents enjoy private parking and access to panoramic rooftop terraces. The property totals 12,720 square feet and is currently 100% occupied, generating a strong return on investment. Located near Germantown Avenue's vibrant commercial corridor, it offers easy access to Center City and University City via public transportation or car. Benefiting from a 10-year tax abatement, this property presents a rare opportunity in a high-growth rental submarket. The property is zoned RSA5. Further due diligence is recommended by the buyer to verify taxes, square footage, and financials.

Highlights

  • Turnkey investment opportunity.
  • Excellent location in Philadelphia's Northwest submarket.
  • Secure, dedicated private parking available.
  • Spacious apartments featuring high-end finishes.
  • 10-year tax abatement in place.
  • Highly desirable residential neighborhood.

Property Details for 85 Sharpnack St

Property type
Apartment buildings
Square Feet
12,720 SF
Class
A
Year Built
2022
Buildings
3
Stories
3
Units
9

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0513283
Longitude
-75.1825589
85 Sharpnack St, Philadelphia, Pennsylvania

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85 Sharpnack St
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