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85 E Sharpnack Street

Philadelphia, PA 19119

– beds
– baths
12,720 sqft
6,750 sqft lot
$227 per sqft
2022 build

INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 6% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.

Listing courtesy of BRIGHT / Keller Williams Liberty Place

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# PAPH2414060 —

The Building

Year Built:

2022
Year Built Source:

Estimated
New Construction:

Yes
Construction Completed:

Yes
Construction Materials:

Brick
Structure Type:

Other
Architectural Style:

Other
Historic:

No
Building Levels:

3
Building Units Total:

4
Roof:

Fiberglass
Accessibility Features:

None
Foundation Details:

Concrete Perimeter
Total SqFt Source:

Estimated

Interior

Flooring Type:

Luxury Vinyl Plank
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

12720
Living Area SqFt:

12,720 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate

Location

Directions:

BETWEEN ROSS AND GERMANTOWN ON SHARPNACK
Cross Street:

GERMANTOWN AVENUE
Latitude:

40.05125000
Longitude:

-75.18257000
Location Type:

Urban

The Property

Property Subtype:

Other
Property Type:

Multi-Family
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.15
Lot Size Source:

Estimated
Lot Size Dimensions:

13.00 x 160.00
Lot Dimensions Source:

Estimated
Lot Features:

Flag
Lot SqFt:

6,750 Sqft
Zoning:

RSA5
View:

Panoramic, Scenic Vista, City
Other Structures:

Above Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

SR
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

221121700
Tax Year:

2024
Tax Lot:

42
Tax Annual Amount:

$2,757
Tax Assessed Value:

$196,970
Year Assessed:

2024
School Tax:

1544.0
City/Town Tax:

1213.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Ductless/Mini-Split
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Wall Unit
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Mt Airy
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

Driveway

Extra Units

Vacation Rental:

No
Two Bedroom Units:

6
Three Bedroom Units:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/25/24 Oct 25, 2024	Listed / Active	BRIGHT	$2,900,000

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This multifamily located in Germantown Chestnut Hill, Philadelphia, PA 19119 is currently for sale for $2,900,000. 85 E Sharpnack Street is a 12,720 square foot multifamily with – beds and – baths. 85 E Sharpnack Street is in the Germantown Chestnut Hill neighborhood of Philadelphia and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Martin L. King High School and Eleanor C. Emlen School.

Listing Courtesy of: BRIGHT and Keller Williams Liberty Place.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.