$1,790,000
NEW CONSTRUCTION

Estimated payment $11,488/month

Total Views 12,642
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • New Construction
  • Property is in excellent condition
  • 1-minute walk to Francisville Recreation Center
  • Forced Air Heating and Cooling System

About This Home

Fully Leased! Perfect investment opportunity for a new construction multi-family on a prime block of Francisville, one block from Fairmount Avenue. This building is only 1-year old with all the modern amenities and includes a full 10 year tax abatement! Each of these large units features a designer kitchen, stainless steel Samsung appliances and big living rooms. Units 2, 3, & 4 have two bedrooms and two full bathrooms. Unit 1 is a 1 bed, 1.5 bath. All units have in-unit laundry. Three of the residences include private outdoor space. The two penthouse units have private roof decks with stunning, unobstructed skyline views. The rear lower-level has a large rear yard. Come and tour! *Photos are from previous vacancies*

Listing Agent

Arvind Balaji

KW Empower Listed on: 02/23/2023

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,197

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 1,650 Sq Ft Lot
  • Lot Dimensions are 20.00 x 83.00
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 151346500

Community Details

Overview

  • 4 Units
  • Francisville Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,197

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • New Construction: Yes
  • Expected On Market: 2023-02-23
  • Year Built: 2023
  • Remarks Public: Fully Leased! Perfect investment opportunity for a new construction multi-family on a prime block of Francisville, one block from Fairmount Avenue. This building is only 1-year old with all the modern amenities and includes a full 10 year tax abatement! Each of these large units features a designer kitchen, stainless steel Samsung appliances and big living rooms. Units 2, 3, & 4 have two bedrooms and two full bathrooms. Unit 1 is a 1 bed, 1.5 bath. All units have in-unit laundry. Three of the residences include private outdoor space. The two penthouse units have private roof decks with stunning, unobstructed skyline views. The rear lower-level has a large rear yard. Come and tour! *Photos are from previous vacancies*
  • Special Features: NewHome

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Fully Finished
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1729

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: O50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 20.00 x 83.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1650.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 10190.00
  • Tax Annual Amount: 18197.00
  • Assessor Parcel Number: 151346500
  • Tax Lot: 5
  • Tax Data Updated: No
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,594 $1,300,000 $260,000 $1,040,000
2024 $6,594 $1,300,000 $260,000 $1,040,000
2023 $6,594 $471,100 $94,220 $376,880
2022 $7,229 $471,100 $94,220 $376,880
2021 $7,229 $0 $0 $0
2020 $7,229 $0 $0 $0
2019 $6,996 $0 $0 $0
2018 $4,479 $0 $0 $0
2017 $4,479 $0 $0 $0
2016 $1,997 $0 $0 $0
2015 $6,289 $0 $0 $0
2014 -- $469,300 $66,825 $402,475
2012 -- $4,480 $2,237 $2,243
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 For Sale $1,790,000 +269.1% --
01/29/2021 01/29/21 Sold $485,000 -7.4% $216 / Sq Ft
12/25/2020 12/25/20 Pending -- -- --
11/12/2020 11/12/20 Price Changed $523,500 -0.3% $233 / Sq Ft
10/29/2020 10/29/20 Price Changed $525,000 -4.5% $234 / Sq Ft
10/20/2020 10/20/20 Price Changed $549,999 0.0% $245 / Sq Ft
10/16/2020 10/16/20 For Sale $550,000 -- $245 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $485,000 City Abstract Llc
Deed $305,000 First American Title
Corporate Deed $339,900 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,147,500 New Conventional
Closed $1,143,750 Future Advance Clause Open End Mortgage
Previous Owner $244,000 New Conventional
Previous Owner $271,920 Purchase Money Mortgage
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2202128

Bright MLS

APN: 151346500