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Listed by Ryan McManus • Keller Williams Liberty Place

$2,450,000

Est. payment - /mo

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6,750 Sqft Lot

Active

85 E SHARPNACK ST Philadelphia, PA 19119

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Michelle McMaster

michelle@saillakerealty.com +1(856) 335-5586

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Mt Airy

MLS Listing ID PAPH2385330

Year Built 2022

Annual Tax Amount $2,757

Tax Year 2024

Lot Size 6,750 Sqft

Acres 0.15

Lot Dimensions 13.00 x 160.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia's historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 6% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue's commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy's eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamin's, Jansen, Johnson House Historic Site, Weaver's Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket.

Location

State PA

County Philadelphia

Area 19119 (19119)

Zoning RSA5

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Garage Spaces 9.0

Water Access N

View Panoramic, Scenic Vista, City

Roof Type Fiberglass

Accessibility None

Total Parking Spaces 9

Garage N

Building

Lot Description Flag

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 221121700

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

7

Cedarbrook Middle School

Public | 5 - 8
6

Green Woods Charter School

Public | KG - 8
4

Cook-Wissahickon Elementary School

Public | KG - 8
4

Emlen Elementary School

Public | KG - 5
4

John F. McCloskey School

Public | KG - 8
4

Wissahickon Charter School

Public | KG - 8
4

Mastery Charter School - Francis D. Pastorius Elemen

Public | KG - 8
3

Jenks Academy for the Arts and Sciences

Public | KG - 8
3

Charles W. Henry School

Public | KG - 8
3

Henry H. Houston Elementary School

Public | KG - 8
3

Thomas Mifflin School

Public | PK - 8
3

Imani Educationl Circle Charter School

Public | KG - 8
3

Fitler Academics Plus

Public | 1 - 8
3

Grover Cleveland Mastery Charter School

Public | KG - 8
3

William Rowen Elementary School

Public | KG - 5
2

Anna Lane Lingelbach School

Public | KG - 8
2

Khepera Charter School

Public | KG - 8
2

James Logan Elementary School

Public | KG - 5
2

Ellwood Elementary School

Public | PK - 5
1

Roosevelt Elementary School

Public | KG - 8

Middle Schools 8

9

Hill J E/Freedman Samson

Public | 6 - 9
7

Amy NW

Public | 6 - 8
4

Mastery Charter School-Pickett Campus

Public | 6 - 12
2

Eastern University Academy Charter School

Public | 7 - 12
2

Anna Blakiston Day School

Public | EE - 8
1

Morris E. Leeds Middle School

Public | 6 - 8
1

General Louis Wagner Middle School

Public | 6 - 8
0

The Crefeld School

Private | 7 - 12

High Schools 19

9

Central High School

Public | 9 - 12
6

Cheltenham High School

Public | 9 - 12
6

Girls High School

Public | 9 - 12
5

Multi-Cultural Academy Charter School

Public | 9 - 12
4

Saul W B Agricultural School

Public | 9 - 12
4

Parkway Northwest

Public | 9 - 12
2

Randolph A. Philip Avt High School

Public | 9 - 12
1

Roxborough High School

Public | 9 - 12
1

Promise Academy at Martin Luther King High School

Public | 9 - 12
1

Act Academy Cyber Charter School

Public | 9 - 12
1

Mastery Charter School at Gratz

Public | 9 - 12
1

Imhotep Institute Chs

Public | 9 - 12
1

Delaware Valley Chs

Public | 9 - 12
0

Bridge Way School

Private | 10 - 12
0

La Salle College High School

Private | 9 - 12
0

Hope Charter School

Public | 9 - 12
0

Bishop Mcdevitt High School

Private | 9 - 12
0

Cristo Rey Philadelphia High School

Private | 9 - 12
0

Little Flower Catholic High School

Private | 9 - 12

School and business data provided by Attom Data.

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Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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85 E SHARPNACK ST Philadelphia, PA 19119

Michelle McMaster

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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85 E SHARPNACK ST