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836 N Broad Street

PHILADELPHIA, PA 19130
  • $14,950,000
  • STATUS: Active
  • ON SITE: 63 Days
  • ID#: PAPH2219710
UPDATED: 33 min ago
$14,950,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2023
County:

School Ratings & Info

Description

Introducing a truly unparalleled investment opportunity: a stunning new construction apartment building, offering a 10-year tax abatement. This luxurious property boasts an impressive 33 units, thoughtfully designed to cater to diverse lifestyles. Comprising 13 one-bedroom, 15 two-bedroom, and 4 three-bedroom apartments, alongside a versatile commercial space, this building offers both elegance and functionality.Each stylish bedroom is complemented by a full bathroom, providing the ultimate in privacy and comfort. Crafted from steel and concrete, this architectural masterpiece ensures durability and contemporary appeal. The addition of a state-of-the-art elevator whisks residents from the secure basement parking garage to the breathtaking roof deck, enhancing the building's sense of luxury and convenience.Situated on the same block as the recently renovated and reopened MET concert hall, this incredible property offers its residents a vibrant and cultured neighborhood experience. With an expected completion date of September this year, the time to capitalize on this exceptional opportunity is now.Notably, this building can be creatively operated as a hotel (Airbnb style) to generate even greater income. As a conventional apartment building, the expected monthly rent roll is approximately $85,000, but with an innovative approach, the potential for profit can be grader.Don't miss this rare chance to acquire a one-of-a-kind property. Perfect for 1031 exchange buyers or long-term investors, this remarkable building promises to be an outstanding addition to any investment portfolio. Secure your piece of architectural excellence and financial success today.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-04T13:51:56.217.
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836 N Broad Street PHILADELPHIA, PA 19130

  • Price: $14,950,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 33 min ago
  • ID#: PAPH2219710
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2023
Built
Neighborhood:
19130 (19130)
County:
Philadelphia
Area:
19130 (19130)
School District:
The School District Of Philadelphia
Property Description
Introducing a truly unparalleled investment opportunity: a stunning new construction apartment building, offering a 10-year tax abatement. This luxurious property boasts an impressive 33 units, thoughtfully designed to cater to diverse lifestyles. Comprising 13 one-bedroom, 15 two-bedroom, and 4 three-bedroom apartments, alongside a versatile commercial space, this building offers both elegance and functionality.Each stylish bedroom is complemented by a full bathroom, providing the ultimate in privacy and comfort. Crafted from steel and concrete, this architectural masterpiece ensures durability and contemporary appeal. The addition of a state-of-the-art elevator whisks residents from the secure basement parking garage to the breathtaking roof deck, enhancing the building's sense of luxury and convenience.Situated on the same block as the recently renovated and reopened MET concert hall, this incredible property offers its residents a vibrant and cultured neighborhood experience. With an expected completion date of September this year, the time to capitalize on this exceptional opportunity is now.Notably, this building can be creatively operated as a hotel (Airbnb style) to generate even greater income. As a conventional apartment building, the expected monthly rent roll is approximately $85,000, but with an innovative approach, the potential for profit can be grader.Don't miss this rare chance to acquire a one-of-a-kind property. Perfect for 1031 exchange buyers or long-term investors, this remarkable building promises to be an outstanding addition to any investment portfolio. Secure your piece of architectural excellence and financial success today.
Exterior Features

Construction Materials Blown-In InsulationBrickBrick FrontCast Iron PlumbingCopper Plumbing Garage YN No Parking Types Private Garage Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 40000.00 Cooling Central A/C Heating 90% Forced Air Heating YN Yes Net Square Feet 35000.00

Property Features

Accessibility Features Elevator36"+ Wide Halls Assessment Year 2023 Business Type Apartment Building Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN Yes Original MLSNumber 802248839884 Ownership Interest Fee Simple Possession 90-120 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 23928.00 Tax Assessment Amount 1709400.00 Tax Lot 256 Vacation Rental YN No Water Source Public Zoning Cmx4

Listing courtesy of Dan Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-04T13:51:56.217.
 
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Exton PA, 19341