New Construction
Address
5416 Baltimore Avenue, Philadelphia, PA
Price
$ 875,000
Property Attributes
- MLS#PAPH2327136
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19143
- NeighborhoodCedar Park
- Zip19143
- StyleApartment Building
- Year Built2023
- Taxes$ 681
- Price$ 875,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2363
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 5416 Baltimore Avenue the epitome of modern urban living. This brand-new construction boasts a contemporary 5-unit building, each unit designed with sophistication and comfort in mind. The property offers a unique living experience with all units featuring 1 bedroom and 1 bathroom. One of the standout features of this property is the 10 year tax abatement. This incentive allows investors to enjoy a decade of reduced property taxes, making this investment even more attractive. Nestled in West Philadelphia, the property offers a prime location with convenient access to the city's vibrant amenities. Each unit in this new construction is thoughtfully designed to maximize space and light, creating a welcoming and comfortable environment. Modern finishes and high-quality materials contribute to the overall aesthetic appeal, ensuring that tenants experience both luxury and functionality. If you're an investor seeking a property with promising returns, this is the one!
| Price History | |
|---|---|
| 3/5/2024 | Listed $875,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Energy Star Heating System |
| Cooling | Energy Star Cooling System |
| Possession | Immediate |
| Zoning | RM1 |
| Construction Materials | Masonry |
| Exclusions | TENANTS PERSONAL PROPERTY |
| Year Built | 2023 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Water |
| Business Type | Apartment Building |
| Accessibility | 32 + wide Doors |
| County | PHILADELPHIA |
| Net Operating Income | 59670.00 |
| Operating Expense | 10530.00 |
| New Construction | Yes |
| Property Type | Commercial Sale |
| Subdivision Name | CEDAR PARK |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-04-09T12:05:38 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 5 |
| MLS Area | 19143 (19143) |
| Lot Size Square Feet | 2370.00 |
| Tax Assessed Value | 48700.0 |
| Waterfront Y/N | No |
| Street Name | BALTIMORE |
| Tax Annual Amount | 681.0 |
| Property Condition | Excellent |
| Price Per Sq Ft | 641.03 |
| Construction Completed Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 57 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 58 |
| Cap Rate | 6.80 |
| Buyer Agent Compensation Type | % Of Base |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | O30 |
| Water View Y/N | No |
| Building Area Total | 1365.00 |
| Lot Dimensions | 16.00 x 152.00 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 9740.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
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 Commercial Average in 19143
Price
Taxes
Visits
Year Built
Copyright © 2024, Metropolitan Regional Information Systems, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MRIS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Knot6 Real Estate Services, LLC does not display
© BRIGHT, All Rights Reserved
