$1,300,000
$1,400,000
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1,850 Sqft Lot
SOLD DATE : 12/20/2018
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Brewerytown
MLS Listing ID 1009971186
Sold Date 12/20/18
Style Other
HOA Y/N N
Originating Board TREND
Year Built 2018
Annual Tax Amount $100
Tax Year 2018
Lot Size 1,850 Sqft
Acres 0.04
Lot Dimensions 18X100
Property Description
Investor alert: 1339 Marston is located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 4800 SF new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Each 2bd/2ba unit contains over 1000 SF with outdoor space, open concept living, high-design interiors, bi-level floorplans, hardwood floors, high ceilings, quartz countertops, pendant lights, modern appliances and conveniences throughout. Units 2-3-4 have convenient powder rooms located off the kitchen. All units feature 11' ceilings throughout, giving a supreme luxurious quality to each of the 4 units. This secure boutique building features outdoor patios for the lower level units with roofdecks for the upper units, showcasing sweeping skyline views of downtown Philly. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1339 Marston is surrounded by tastefully-designed new developments, common amenities, walkable retail and dining destinations on Girard Avenue, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6-cap return with over 83k in projected NOI (net operating income). Pro forma financials available upon request. Units are also being marketed as condos to homebuyers and are designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available as a package with 1342 Marston, 1341 Marston and 1219 27th for a total of 17 units in 4 buildings. Each unit at 1339 Marston is also on the market for sale as individual condos.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Basement Full, Fully Finished
Interior
Interior Features Ceiling Fan(s)
Hot Water Electric
Heating Electric, Radiator
Cooling Energy Star Cooling System
Flooring Wood
Fireplace N
Window Features Energy Efficient
Heat Source Electric
Laundry Washer In Unit, Dryer In Unit
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 292072325
Ownership Fee Simple
SqFt Source Estimated
Security Features Security System
Special Listing Condition Standard
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Bought with Juliet C. Welker • Coldwell Banker Welker Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "