85 East Sharpnack Street Philadelphia, PA 19119

This 9-unit gated apartment community is new construction with parking, set back off Germantown Avenue in Philadelphia’s Mount Airy neighborhood. It is a turnkey investment opportunity with an attractive 6% cap rate. The property comprises 3 contiguous triplex buildings and features private parking and panoramic rooftop terraces for residents. Each building contains two 2-bedroom, 1-bathroom units on the first and second floors, and one 3-bedroom, 2-bathroom unit on the third floor with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, and stainless-steel appliance packages. The interiors are bright, spacious and airy. The property is walkable to Germantown Avenue’s commercial corridor with boutiques, shops, breweries, restaurants, cafes and historic structures. It has 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. The property has a 10-year tax abatement, requiring taxes to be paid on the assessed land value rather than improvements. The property size is 12,720 square feet and is located in the 19119 MLS area.