$730,000
$750,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
3,750 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $194
MLS Listing ID PAPH2301500
Sold Date 05/31/24
Style Contemporary,Mid-Century Modern
Abv Grd Liv Area 3,750
Originating Board BRIGHT
Year Built 2018
Annual Tax Amount $1,258
Tax Year 2022
Lot Size 1,128 Sqft
Acres 0.03
Lot Dimensions 16.00 x 70.00
Property Description
1925 Marshall Street: Newly constructed boutique triplex property for sale in South Kensington. Offered at/below replacement cost. This prime Philadelphia multifamily real estate offering is available now—individually or with multiple similar properties nearby for critical mass investors (enquire within for details on additional properties for sale). FINANCING: This apartment building is highly ideal for owner occupancy with 5% down payment financing — Fannie Mae has announced that it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes. This new option presents a great opportunity for individuals looking to invest in multifamily homes while also enjoying the benefits of homeownership. Prospective owner-landlords can now afford these properties more easily, thanks to the reduced down payment requirement by Fannie Mae. UNITS: 3bd x 2ba ±1500 SF on ground floor / lower level with private patio in the rear, 1bd x 1ba ±750 SF on 2nd floor, 2bd x 2.5ba ±1500 SF on 3rd-4th floors with private roofdeck overlooking the Philly skyline. LOCATION: Walkable to Fishtown, Philly's most popular area + Berks Station on Septa's Market-Frankford El train which takes riders into Center City and University City in just over 20 minutes. FULL 10 yr tax abatement, minimal expenditures, high rent growth/appreciation forecast for years to come.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Mid-Century Modern
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 201132900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Chris Coulton • BMB Living, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "