Property

Philadelphia, PA 19145 1625 Point Breeze Avenue

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Presented By: KW Empower
  • MLS# PAPH2419476
  • 11/12/2024
  • Request Tour
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  • SQFT • 4,506

Home Details

This prime investment opportunity in Point Breeze features a stunning, newer construction boutique 5-unit building, completed in 2018, with a proven rental history. Offering modern amenities and high-end finishes, this property provides an exceptional opportunity for investors seeking a well-located, income-generating asset in a rapidly developing neighborhood. The building consists of spacious, thoughtfully designed units, each featuring premium finishes. Units 1L and 1R, located on the first floor, are both 1-bedroom, 1-bathroom apartments with access to a large, fenced backyard and 500+ square feet of private basement space for additional storage or use. Unit 2R is a generously sized 2-bedroom, 1-bathroom apartment, while Unit 2L offers a 1-bedroom, 1.5-bathroom layout with ample living space. The standout unit, Unit 3, occupies the entire 3rd floor and boasts 3 bedrooms, 2 bathrooms, two private balconies, and a dedicated home office area. Each unit features high ceilings, luxury vinyl plank flooring, spacious eat-in kitchens with modern countertops, Whirlpool stainless steel appliances, and in-unit laundry. The property is ideally located for easy commuting, with quick access to the Broad Street subway line and multiple bus routes. Tenants are responsible for all utilities, including a flat water fee. Annual property expenses include insurance ($3,887), fire alarm service ($1,764), common electric ($550), and water/fire service ($335). A tax appeal is currently in progress, with the goal of reinstating the tax abatement by year-end. Conveniently situated near popular local spots such as Target, Sprouts, Starbucks, Two Eagles Cafe, The Fresh Works, On Point Bistro, and American Sardine Bar, this property also offers easy access to major highways including I-95 and I-76. With spacious units, outdoor space, and the added bonus of private basement storage, this property represents a must-see opportunity for any investor. Schedule a showing today to explore this exceptional investment!
Presented By: KW Empower

Interior Features for 1625 Point Breeze Avenue

Other Interior Features

Central Air Y/NYes
FlooringWood
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 1625 Point Breeze Avenue

Acceptable FinancingAssumption, Cash, Conventional
AccessibilityNone
Business TypeApartment Building
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsBetween Tasker and Morris on Point Breeze Ave.
Electric200+ Amp Service
FULLFee Simple
HeatingForced Air
Lot Size Square Feet2008.00
Lot Size UnitsSquare Feet
MLS Area19145 (19145)
ModificationTimestamp2024-11-12T15:19:15
MunicipalityPHILADELPHIA
New ConstructionYes
NumberOfUnitsTotal1
PossessionImmediate, 0-30 Days CD
Price Per Sq Ft Total AG266.31
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NamePOINT BREEZE
Tax Annual Amount13998.0
Tax Assessed Value1000000.0
Tax Year2024
UtilitiesElectric Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2018
Year Built SourceEstimated
ZoningRM1

Exterior for 1625 Point Breeze Avenue

Building Area Total4506.00
Car Parking Spaces
Foundation DetailsConcrete Perimeter
Land Assessed Value100000.00
Land Use CodeCA0
Lot Dimensions32.00 x 67.00
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $1,200,000
MLS#PAPH2419476
List Date 11/12/2024
Property Type Commercial
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