Philadelphia, PA 19121,1341 N MARSTON ST
Philadelphia, PA 19121,1341 N MARSTON ST
Philadelphia, PA 19121,1341 N MARSTON ST
Philadelphia, PA 19121,1341 N MARSTON ST
Philadelphia, PA 19121,1341 N MARSTON ST
Philadelphia, PA 19121,1341 N MARSTON ST
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$1,225,000

$1,250,000

2.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,850 Sqft Lot


SOLD DATE : 12/20/2018

Key Details

Sold Price $1,225,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision Brewerytown

MLS Listing ID 1009971164

Sold Date 12/20/18

Style Other

HOA Y/N N

Originating Board TREND

Year Built 2018

Annual Tax Amount $666

Tax Year 2018

Lot Size 1,850 Sqft

Acres 0.04

Lot Dimensions 18X100

Property Description

Investor alert: 1341 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 4720 SF 3/4-leased new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Cash flow and appreciation are guaranteed from day one. Each 3bd/2ba unit contains over 1100 SF with open concept living, high-design interiors, hardwood floors, quartz countertops, pendant lights, high ceilings, modern appliances and conveniences throughout. This secure boutique building features striking exterior architecture set on a prominent corner lot. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1341 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 77k in projected NOI (net operating income). Pro forma financials and floorplans available upon request. Designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available with 1219 27th, 1342 Marston, 1339 Marston as a 4 building package with 17 units total.

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), Sprinkler System

Hot Water Electric

Heating Electric

Cooling Energy Star Cooling System

Fireplace N

Window Features Energy Efficient

Heat Source Electric

Laundry Washer In Unit, Dryer In Unit

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

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 292072405

Ownership Fee Simple

SqFt Source Estimated

Security Features Security System,Security Gate

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • BHHS Fox & Roach-Center City Walnut
Bought with Justin Kane • BHHS Fox & Roach-Center City Walnut
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