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1827-1870 N Marston Street

PHILADELPHIA, PA 19121
  • $6,290,000
  • STATUS: Active
  • ON SITE: 149 Days
  • ID#: PAPH2114846
UPDATED: 140 min ago
$6,290,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2022
County:

School Ratings & Info

Description

The vision behind Marston Walk was conceived when Omega Home Builders purchased a unique assemblage of vacant lots in one of the fasted developing neighborhoods in the City of Philadelphia. On behalf of ownership, now be offered are 17 new construction luxury single-family residences, all situated on the 1800 block of North Marston St in the Brewerytown/Strawberry Mansion sections of Philadelphia. This turn-key opportunity offers a potential buyer the ability to own 17 SFH (single-family home) residences in a neighborhood where both rent, and equity appreciation outpace comparable sub-markets. With over 30,000 square feet in total, each of the 17 SFH residences comes in at approximately 1,800 square feet and boasts 3 bedrooms, 3 full bathrooms, a finished basement, backyard patio, roof deck, as well as all being laden in luxurious designer finishes by Romi Designs Studio. Each residence comes with a 10-year tax abatement, builder+GGs warranty and one of the most attractive value propositions of all, the ability for the seller to manage the property portfolio at an attractive rate. Both Brewerytown and Strawberry Mansion are poised for significant upside, mainly due to its proximity to the largest master planned development in the history of Philadelphia. Schuylkill Yards and the 30th Street District are in tandem $3.5 billion and $6.5 billion projects being developed by Brandywine Realty Trust (NYSE - $BDN) in partnership with Drexel University, Amtrak, SEPTA, Pennsylvania Department of Transportation. With Philadelphia positioned a hub for both +G+eds and meds,+G- Marston Walk is also conveniently located close to major educational and healthcare institutions such as Temple University, Drexel University, The University of Pennsylvania & The Wharton School of Business. We foresee the potential for asymmetric equity appreciation presenting itself with Marston Walk. Marston Walk is available for purchase as a whole or by phases of the project. The final phase is to be built, expected completion is in Q1 2023. Offering Memorandum is available for qualified investors.

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©2022 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 LoCoMusings | Century 21 Redwood Realty. 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: 2022-10-07T16:57:07.643.
www.locomusings.com/homes/128563128
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1827-1870 N Marston Street PHILADELPHIA, PA 19121

  • Price: $6,290,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 140 min ago
  • ID#: PAPH2114846
0
Beds
0
Baths
0
½ Baths
0.3
Acres
2022
Built
Neighborhood:
Brewerytown
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
The vision behind Marston Walk was conceived when Omega Home Builders purchased a unique assemblage of vacant lots in one of the fasted developing neighborhoods in the City of Philadelphia. On behalf of ownership, now be offered are 17 new construction luxury single-family residences, all situated on the 1800 block of North Marston St in the Brewerytown/Strawberry Mansion sections of Philadelphia. This turn-key opportunity offers a potential buyer the ability to own 17 SFH (single-family home) residences in a neighborhood where both rent, and equity appreciation outpace comparable sub-markets. With over 30,000 square feet in total, each of the 17 SFH residences comes in at approximately 1,800 square feet and boasts 3 bedrooms, 3 full bathrooms, a finished basement, backyard patio, roof deck, as well as all being laden in luxurious designer finishes by Romi Designs Studio. Each residence comes with a 10-year tax abatement, builder+GGs warranty and one of the most attractive value propositions of all, the ability for the seller to manage the property portfolio at an attractive rate. Both Brewerytown and Strawberry Mansion are poised for significant upside, mainly due to its proximity to the largest master planned development in the history of Philadelphia. Schuylkill Yards and the 30th Street District are in tandem $3.5 billion and $6.5 billion projects being developed by Brandywine Realty Trust (NYSE - $BDN) in partnership with Drexel University, Amtrak, SEPTA, Pennsylvania Department of Transportation. With Philadelphia positioned a hub for both +G+eds and meds,+G- Marston Walk is also conveniently located close to major educational and healthcare institutions such as Temple University, Drexel University, The University of Pennsylvania & The Wharton School of Business. We foresee the potential for asymmetric equity appreciation presenting itself with Marston Walk. Marston Walk is available for purchase as a whole or by phases of the project. The final phase is to be built, expected completion is in Q1 2023. Offering Memorandum is available for qualified investors.
Exterior Features

Construction Materials Advanced FramingCorrugated SidingMetal SidingCement Siding Garage YN No Parking Types On Street Property Condition Excellent Riparian Rights YN No Roof Fiberglass View City 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 Flooring Luxury Vinyl PlankTile/Brick Heating Forced Air Heating YN Yes Net Square Feet 30600.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 59918.00 Building Permits On Hand Business Type Other Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Cross Street Montgomery Ave Electric 200+ Amp Service Foundation Details Concrete Perimeter Gross Income 489600.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 20400.00 Municipality Philadelphia Navigable Water YN N Net Operating Income 429682.00 New Construction YN Yes Operating Expense 89535.00 Operating Expense Includes Repair/MaintenanceOtherInsurance Original MLSNumber 801553890434 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 8800.00 Tax Assessment Amount 0.00 Total Actual Rent 489600.00 Vacation Rental YN No Water Source Public Zoning Rsa5

Listing courtesy of Re/Max Elite: .


©2022 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 LoCoMusings | Century 21 Redwood Realty. 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: 2022-10-07T16:57:07.643.
 
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