3019 Master St Philadelphia, PA 19121
- Commercial real estate
Current Use by Public Records
- annex at brewerytown in philadelphia / Apartment Building
Property Details for 3019 Master St
- Year built
- 2017
- Property type
- Commercial real estate
Description
The Apartments at Brewerytown presents a compelling investment opportunity in Philadelphia's vibrant Brewerytown neighborhood. This fee-simple multifamily property, built in 2017, comprises two three-story buildings totaling 36,936 square feet of net rentable area. The complex houses 36 units: 30 two-bedroom and six three-bedroom apartments, currently boasting a 94% occupancy rate. The property includes 19 parking spaces, a significant amenity in an urban setting. Located at 3019 Master Street, Philadelphia, PA 19121, this property benefits from an RM1 zoning designation. A substantial advantage is the presence of a 10-year tax abatement, expiring in 2027, offering significant tax savings to the new owner. The property is available for sale free and clear, or with the assumption of an existing loan. Market analysis reveals a significant rental upside
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1855247
- Latitude
- 39.9781392