85 Sharpnack St Philadelphia, PA 19119
- Apartment buildings
- 12,720 SF
Current Use by Public Records
- Stay Tuned Ent / Corporate Office
Property Details for 85 Sharpnack St
- Year built
- 2022
- Property size
- 12,720 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1826
- Latitude
- 40.0513
