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    85 Sharpnack St Philadelphia, PA 19119

    Sponsored
    For Sale
    $2,900,000

    9-Unit Multifamily, Prime Location

    Property size:
    12,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Philadelphia's desirable Mount Airy neighborhood. This turnkey, 9-unit apartment building boasts three contiguous, three-story buildings, each featuring two 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit. All units offer high-end finishes including quartz countertops, LVP flooring, and stainless-steel appliances. Residents enjoy private parking and access to panoramic rooftop terraces. The property totals 12,720 square feet and is currently 100% occupied, generating a strong return on investment. Located near Germantown Avenue's vibrant commercial corridor, it offers easy access to Center City and University City via public transportation or car. Benefiting from a 10-year tax abatement, this property presents a rare opportunity in a high-growth rental submarket. The property is zoned RSA5. Further due diligence is recommended by the buyer to verify taxes, square footage, and financials.

    Property Features for 85 Sharpnack St

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,720 SF
    Class
    A

    Building Details

    Year Built
    2022
    Buildings
    3
    Stories
    3
    Units
    9

    HighLights

    • Turnkey investment opportunity.
    • Excellent location in Philadelphia's Northwest submarket.
    • Secure, dedicated private parking available.
    • Spacious apartments featuring high‑end finishes.
    • 10‑year tax abatement in place.
    • Highly desirable residential neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stay Tuned Ent Corporate Office

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1825589
    Latitude
    40.0513283

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    FAQs

    What type of property is this?
    Multifamily property - 9-Unit Multifamily, Prime Location
    Where is this multifamily property located?
    The property is located at 85 Sharpnack St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Turnkey investment opportunity.; Excellent location in Philadelphia's Northwest submarket.; Secure, dedicated private parking available.
    Request Owner's contact information
    85 Sharpnack St Philadelphia, PA 19119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    85 Sharpnack St Philadelphia, PA 19119
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