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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by Gazi Ataseven • HomeSmart Realty Advisors

$9,200,000

Est. payment - /mo

10,357 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Point Breeze

MLS Listing ID PAPH2569688

Year Built 2023

Available Date 2026-01-05

Annual Tax Amount $7,809

Tax Year 2025

Lot Size 10,357 Sqft

Acres 0.24

Lot Dimensions 60.00 x 180.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

INTRODUCING 1951 POINT BREEZE AVE — A PREMIER CLASS A, 30-UNIT LUXURY APARTMENT ASSET IN ONE OF PHILADELPHIA'S BEST NEIGHBORHOODS.
CONSTRUCTED JUST 2 YEARS AGO, THIS MODERN, HIGH-QUALITY BUILDING OFFERS INVESTORS A FULLY STABILIZED, TURN-KEY MULTIFAMILY INVESTMENT WITH 100% OCCUPANCY AND CONSISTENT, STRONG RENTAL DEMAND.
AT FULL STABILIZATION, THE PROPERTY GENERATES APPROXIMATELY $60,000 IN MONTHLY INCOME, FURTHER ENHANCED BY AN APPROVED TAX ABATEMENT, RESULTING IN EXCEPTIONAL LONG-TERM CASH FLOW AND REDUCED OPERATING EXPENSES. DESIGNED FOR EFFICIENCY AND DURABILITY, THE ASSET FEATURES CONTEMPORARY FINISHES, ENERGY-EFFICIENT SYSTEMS, AND MINIMAL NEAR-TERM CAPITAL EXPENDITURE REQUIREMENTS.
WITH ITS INSTITUTIONAL-GRADE CONSTRUCTION, LOW-MAINTENANCE PROFILE, AND CORE-PLUS MARKET POSITIONING, THIS PROPERTY REPRESENTS THE TYPE OF HIGH-PERFORMING, INCOME-PRODUCING ASSET SOUGHT BY DISCERNING INVESTORS SEEKING STABILITY, GROWTH, AND LONG-TERM APPRECIATION.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning CMX2

Interior

Hot Water 60+ Gallon Tank

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 15.0

Water Access N

Accessibility None

Total Parking Spaces 15

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 881000304

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Variable, Other

Listing Terms Cash, Conventional, Variable, Other

Financing Cash,Conventional,Variable,Other

Special Listing Condition Standard

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Nearby School & Business

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William Mercogliano III

+1(856) 472-9836

Broker Associate License ID: 0893537

1951 POINT BREEZE AVE Philadelphia, PA 19145

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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