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Tamika R. Johnson

tamika@tamikajohnson-realtor.com +1(240) 602-4348

$ 1,200,000

Est. payment -/mo

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1625-27 POINT BREEZE AVE Philadelphia, PA 19145

4,506 SqFt

UPDATED:

11/12/2024 07:19 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,506 sqft

Price per Sqft $266

Subdivision Point Breeze

MLS Listing ID PAPH2419476

Originating Board BRIGHT

Year Built 2018

Annual Tax Amount $13,998

Tax Year 2024

Lot Size 2,008 Sqft

Acres 0.05

Lot Dimensions 32.00 x 67.00

Property Description

This prime investment opportunity in Point Breeze features a stunning, newer construction boutique 5-unit building, completed in 2018, with a proven rental history. Offering modern amenities and high-end finishes, this property provides an exceptional opportunity for investors seeking a well-located, income-generating asset in a rapidly developing neighborhood. The building consists of spacious, thoughtfully designed units, each featuring premium finishes. Units 1L and 1R, located on the first floor, are both 1-bedroom, 1-bathroom apartments with access to a large, fenced backyard and 500+ square feet of private basement space for additional storage or use. Unit 2R is a generously sized 2-bedroom, 1-bathroom apartment, while Unit 2L offers a 1-bedroom, 1.5-bathroom layout with ample living space. The standout unit, Unit 3, occupies the entire 3rd floor and boasts 3 bedrooms, 2 bathrooms, two private balconies, and a dedicated home office area. Each unit features high ceilings, luxury vinyl plank flooring, spacious eat-in kitchens with modern countertops, Whirlpool stainless steel appliances, and in-unit laundry.

The property is ideally located for easy commuting, with quick access to the Broad Street subway line and multiple bus routes. Tenants are responsible for all utilities, including a flat water fee. Annual property expenses include insurance ($3,887), fire alarm service ($1,764), common electric ($550), and water/fire service ($335). A tax appeal is currently in progress, with the goal of reinstating the tax abatement by year-end. Conveniently situated near popular local spots such as Target, Sprouts, Starbucks, Two Eagles Cafe, The Fresh Works, On Point Bistro, and American Sardine Bar, this property also offers easy access to major highways including I-95 and I-76. With spacious units, outdoor space, and the added bonus of private basement storage, this property represents a must-see opportunity for any investor. Schedule a showing today to explore this exceptional investment!

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Wood

Heat Source Electric

Exterior

Utilities Available Electric Available

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 881450742

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Assumption, Cash, Conventional

Listing Terms Assumption, Cash, Conventional

Financing Assumption,Cash,Conventional

Special Listing Condition Standard

Listed by Jennifer Grosskopf • KW Empower

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

Tamika R. Johnson

1625-27 POINT BREEZE AVE Philadelphia, PA 19145

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1625-27 POINT BREEZE AVE