3019 Master StPhiladelphia, PA 19121

For Sale
Call for price

36-unit multifamily, high occupancy, strong potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
The Apartments at Brewerytown presents a compelling investment opportunity in Philadelphia's vibrant Brewerytown neighborhood. This fee-simple multifamily property, built in 2017, comprises two three-story buildings totaling 36,936 square feet of net rentable area. The complex houses 36 units: 30 two-bedroom and six three-bedroom apartments, currently boasting a 94% occupancy rate. The property includes 19 parking spaces, a significant amenity in an urban setting. Located at 3019 Master Street, Philadelphia, PA 19121, this property benefits from an RM1 zoning designation. A substantial advantage is the presence of a 10-year tax abatement, expiring in 2027, offering significant tax savings to the new owner. The property is available for sale free and clear, or with the assumption of an existing loan. Market analysis reveals a significant rental upside

Highlights

  • 36-unit multifamily property in Philadelphia's Brewerytown neighborhood.
  • 10-year tax abatement expiring in 2027.
  • Offered free and clear or with loan assumption.
  • Significant rental upside potential due to below-market rents.

Property Details for 3019 Master St

Property type
Multifamily properties, Apartment buildings
Year Built
2017
Buildings
2
Stories
3
Units
36

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9781392
Longitude
-75.1855247
3019 Master St, Philadelphia, Pennsylvania

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3019 Master St
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