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New construction
  • $2,450,000

    85 E Sharpnack St, Philadelphia, PA 19119

    21beds
    --baths
    12,720sqft
    : 
    Multi Family
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $193/sqft
    $-- HOA

    What's special

    Quartz countertopsHigh-end finish kitsPrivate parkingPanoramic rooftop terracesStainless-steel appliance packagesLvp flooring
    INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 7.1% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s eclectic lifestyle. 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. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
    281 days
    on Zillow
    |
    265
    |
    41
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    Zillow last checked: 7 hours ago

    Listing updated: January 21, 2025 at 11:14am

    Listed by:

    Ryan McManus 610-606-1095,

    Keller Williams Liberty Place 6093995454,

    Co-Listing Agent: Brandon Ribeiro 267-945-8167,

    Keller Williams Liberty Place

    Source: Bright MLS,MLS#: PAPH2414060MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 21
    Heating
    • Wall Unit, Electric
    Cooling
    • Ductless, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Flooring: Luxury Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 12,720
    • Total interior livable area: 12,720 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    • Has view: Yes
    • View description: Panoramic, Scenic Vista, City
    Lot
    • Size: 6,750 Square Feet
    • Dimensions: 13.00 x 160.00
    • Features: Flag Lot, Urban
    Details
    • Additional structures: Above Grade
    • Parcel number: 221121700
    • Zoning: RSA5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Fiberglass
    Condition
    • Excellent
    • New construction: Yes
    • Year built: 2022

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Mt Airy
    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Financial & listing details

    • Price per square foot: $193/sqft
    • Tax assessed value: $196,970
    • Annual tax amount: $2,757
    • Date on market: 10/25/2024
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
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