Multifamily
Harmony Street Apartments
1328 S Harmony St, Philadelphia, PA 19146
Listing Price: $4,900,000
Investment Overview
Marcus & Millichap is pleased to present for sale the Harmony Street Apartments. The Harmony Street Apartments, located at 1328, 1336, and 1342 South Harmony Street, consist of nineteen (19) units in the Forgotten Bottom submarket of Philadelphia. The property was built in 2023, and has Philadelphia's full ten-year tax abatement, which will not commence until January 2024 and will end January 2034.
The offering consists of nine (9) two-bedroom units and ten (10) three-bedroom units. Units feature high-end finishes with gourmet kitchens, stainless appliances, and washers/dryers in every unit. As development progresses in Forgotten Bottom, the neighborhood will continue to become even more desirable for residents.
Additionally, this property can be purchased with 1312-1316 Grove Street - Five units located just one block away.
Harmony Street Apartments
Investment Highlights
- 19 Units: 2023 Construction in the Forgotten Bottom Neighborhood of Philadelphia
- Full 10 Year Tax Abatement: Commences January 2024
- Excellent Unit Mix: Two- and Three-Bedroom Units
- High-End Finishes: Stainless Steel Appliances, Quartz Counter Tops
- Spacious Units Average 1,000 SF
- Limited Supply/Competition in the Submarket
Listing Price: $4,900,000
Investment Highlights
- 19 Units: 2023 Construction in the Forgotten Bottom Neighborhood of Philadelphia
- Full 10 Year Tax Abatement: Commences January 2024
- Excellent Unit Mix: Two- and Three-Bedroom Units
- High-End Finishes: Stainless Steel Appliances, Quartz Counter Tops
- Spacious Units Average 1,000 SF
- Limited Supply/Competition in the Submarket
Investment Overview
Marcus & Millichap is pleased to present for sale the Harmony Street Apartments. The Harmony Street Apartments, located at 1328, 1336, and 1342 South Harmony Street, consist of nineteen (19) units in the Forgotten Bottom submarket of Philadelphia. The property was built in 2023, and has Philadelphia's full ten-year tax abatement, which will not commence until January 2024 and will end January 2034. The offering consists of nine (9) two-bedroom units and ten (10) three-bedroom units. Units feature high-end finishes with gourmet kitchens, stainless appliances, and washers/dryers in every unit. As development progresses in Forgotten Bottom, the neighborhood will continue to become even more desirable for residents. Additionally, this property can be purchased with 1312-1316 Grove Street - Five units located just one block away.
