Philadelphia, PA 19145 1625 Point Breeze Avenue

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Presented By: KW Empower
  • MLS# PAPH2419398
  • 11/12/2024
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  • Beds • 8

Home Details

This prime investment opportunity in Point Breeze features a stunning, newer construction boutique 5-unit building, completed in 2018, with a proven rental history. Offering modern amenities and high-end finishes, this property provides an exceptional opportunity for investors seeking a well-located, income-generating asset in a rapidly developing neighborhood. The building consists of spacious, thoughtfully designed units, each featuring premium finishes. Units 1L and 1R, located on the first floor, are both 1-bedroom, 1-bathroom apartments with access to a large, fenced backyard and 500+ square feet of private basement space for additional storage or use. Unit 2R is a generously sized 2-bedroom, 1-bathroom apartment, while Unit 2L offers a 1-bedroom, 1.5-bathroom layout with ample living space. The standout unit, Unit 3, occupies the entire 3rd floor and boasts 3 bedrooms, 2 bathrooms, two private balconies, and a dedicated home office area. Each unit features high ceilings, luxury vinyl plank flooring, spacious eat-in kitchens with modern countertops, Whirlpool stainless steel appliances, and in-unit laundry. The property is ideally located for easy commuting, with quick access to the Broad Street subway line and multiple bus routes. Tenants are responsible for all utilities, including a flat water fee. Annual property expenses include insurance ($3,887), fire alarm service ($1,764), common electric ($550), and water/fire service ($335). A tax appeal is currently in progress, with the goal of reinstating the tax abatement by year-end. Conveniently situated near popular local spots such as Target, Sprouts, Starbucks, Two Eagles Cafe, The Fresh Works, On Point Bistro, and American Sardine Bar, this property also offers easy access to major highways including I-95 and I-76. With spacious units, outdoor space, and the added bonus of private basement storage, this property represents a must-see opportunity for any investor. Schedule a showing today to explore this exceptional investment!
Presented By: KW Empower

Interior Features for 1625 Point Breeze Avenue

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
BasementFull
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringWood
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 1625 Point Breeze Avenue

Acceptable FinancingAssumption, Cash, Conventional
AccessibilityNone
Architectural StyleContemporary
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsBetween Tasker and Morris on Point Breeze Ave.
Electric200+ Amp Service
Garage Y/NNo
HeatingForced Air
Lease TypeYearly
Lot Size Square Feet2008.00
Lot Size UnitsSquare Feet
MLS Area19145 (19145)
ModificationTimestamp2025-03-31T14:35:00
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total1
Number of Units Leased5
NumberOfUnitsVacant
One Bedroom Units Count3
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 1, Unit 2, Unit 2
OwnershipFee Simple
PossessionImmediate, 0-30 Days CD
Price Per Sq Ft Total AG266.31
Property ConditionExcellent
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Subdivision NamePOINT BREEZE
Tax Annual Amount13998.0
Tax Assessed Value1000000.0
Tax Year2025
Total Rooms5
Total SQFT4506
Two Bedroom1
UtilitiesElectric Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2018
Year Built SourceAssessor
ZoningRM1

Exterior for 1625 Point Breeze Avenue

Foundation DetailsConcrete Perimeter
Land Assessed Value100000.00
Land Use CodeCA0
Lot Dimensions32.00 x 67.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,200,000
MLS#PAPH2419398
List Date 11/12/2024
Property Type Multi-Family
Phone 703.929.4729
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