1625-27 POINT BREEZE AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19145
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,506 sqft
Price per Sqft $266
Subdivision Point Breeze
MLS Listing ID PAPH2419476
Originating Board BRIGHT
Year Built 2018
Annual Tax Amount $13,998
Tax Year 2024
Lot Size 2,008 Sqft
Acres 0.05
Lot Dimensions 32.00 x 67.00
Property Description
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!
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Wood
Heat Source Electric
Exterior
Utilities Available Electric Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 881450742
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Assumption,Cash,Conventional
Listing Terms Assumption,Cash,Conventional
Financing Assumption,Cash,Conventional
Special Listing Condition Standard