Views - New Construction
Address
1218 N Marshall Street Philadelphia, PA
Price
$ 7,000,000
Property Attributes
  • MLS#PAPH2035124
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19122
  • Zip19122
  • Style
  • Year Built2021
  • Taxes$ 1817
  • Price$ 7,000,000
  • Bedrooms36
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
JBMP Group
Data Source:
Bright MLS - 382 - MD
Property Description

JBMP Group is pleased to extend to qualified investors the opportunity to purchase 1218-22 N Marshall Street. This rare new construction offering consists of 36 beds across 20 units and is located in the highly sought-after 19122 zip code. This is a unique opportunity to acquire a stabilized asset with the full 10 year tax abatement, while building a significant position in a rapidly appreciating market. Each unit was carefully designed to meet tenant preferences, and features top of the line finishes, premium flooring, upgraded appliance packages, and private outdoor space in the majority of units. The building includes keyless entry throughout, a mail and package area, beautifully designed common areas, and secured trash area. The property is strategically located between Temple University, Fishtown, and Northern Liberties, allowing ownership to capture a wide range of prospective tenants. Do not miss your chance to view a rarely offered investment opportunity; Offering Memorandum and pro-forma available upon request.

Price History
10/1/2021 Listed $7,000,000

General Features

Accessibility None
Architectural Style Other
Construction Completed Y/N Yes
Construction Materials Brick, Brick Veneer, Concrete, CPVC/PVC, Masonry, Tile, Vinyl Siding, Other, Mixed
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 59
Electric 200+ Amp Service
Flooring Vinyl, Tile/Brick
Garage Y/N No
Heating Forced Air
Historic Y/N No
Lot Size Square Feet 6080.00
MLS Area 19122 (19122)
Municipality PHILADELPHIA
New Construction Yes
One Bedroom Units Count 4
Other Structures Above Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession 0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Price Per Sq Ft 304.35
Property SubType Other
Property Type Multi-Family
PropertyCondition Excellent
Roof Vegetated, Other
School District 300200397108
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Sewer Public Sewer
Structure Type Other
Tax Annual Amount 1817.07
Tax Lot 229
Tax Year 2021
Total Units 1
Two Bedroom 16
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM-1
Zoning Description Residential multi-family, approved for 20 units.

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 23000

Exterior Features

Foundation Details Concrete Perimeter
Lot Dimensions 79.2 x 82.5
Lot Size Acres 0.14
Lot Size Source Estimated
Navigable Water Y/N No
Road Frontage Length 79
Road Responsibility City/County
Road Surface Type Paved
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19122

Price
AVG $920K
$7M
Taxes
AVG $1,715
$1,817
Visits
AVG 37
96
Year Built
AVG 1964
2021

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