3503 MIDVALE AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19129
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $350
Subdivision East Falls
MLS Listing ID PAPH2385318
Year Built 2024
Annual Tax Amount $2,432
Tax Year 2024
Lot Size 0.284 Acres
Property Description
INTRODUCING: THE GRACE ? named for a Philadelphia icon, Grace Kelly ? this boutique new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. Nearly fully leased in its first year of occupancy, this premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue ? the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting with studios, 1bd and 2bd apartments, residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it?s just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa?s regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more?just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation ? NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
Location
State PA
County Philadelphia
Area 19129 (19129)
Zoning CMX25
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Flooring Luxury Vinyl Plank
Exterior
Waterfront N
Water Access N
View City,River,Park/Greenbelt,Panoramic
Roof Type Other
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Special Listing Condition Standard