Multifamily
3460-3462 Midvale Avenue
3460 Midvale Ave, Philadelphia, PA 19129
Listing Price: $2,100,000
Investment Overview
Marcus & Millichap is pleased to present for sale 3460 Midvale - A 9-unit apartment building in the East Falls neighborhood of Philadelphia. The property was converted in 2017, and has Philadelphia's full ten-year tax abatement until December of 2027.
The property consists of five (5) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit. Units feature high-end finishes with gourmet kitchens, stainless appliances, washers/dryers, and secured keyless entry.
The property is poised to deliver strong returns, given the unique units and highly desirable location. With the assumable financing in-place, a buyer will be able to take advantage of the sub-4% interest rate for six more years.
3460-3462 Midvale Avenue
Investment Highlights
- 9 Units: 2017 Conversion in the Heart of the East Falls Neighborhood of Philadelphia
- Attractive Assumable Debt of 3.87% Maturing May 2030
- 10 Year Tax Abatement: Ends December 2027
- Diverse Unit Mix: One-, Two-, and Three-Bedroom Units
- High-End Finishes: Stainless Steel Appliances, Granite Counter Tops
- Unique Floor Plans with High Ceilings
- Nicely Landscaped Grounds with Room for Outdoor Amenity Space
Listing Price: $2,100,000
Investment Highlights
- 9 Units: 2017 Conversion in the Heart of the East Falls Neighborhood of Philadelphia
- Attractive Assumable Debt of 3.87% Maturing May 2030
- 10 Year Tax Abatement: Ends December 2027
- Diverse Unit Mix: One-, Two-, and Three-Bedroom Units
- High-End Finishes: Stainless Steel Appliances, Granite Counter Tops
- Unique Floor Plans with High Ceilings
- Nicely Landscaped Grounds with Room for Outdoor Amenity Space
Investment Overview
Marcus & Millichap is pleased to present for sale 3460 Midvale - A 9-unit apartment building in the East Falls neighborhood of Philadelphia. The property was converted in 2017, and has Philadelphia's full ten-year tax abatement until December of 2027. The property consists of five (5) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit. Units feature high-end finishes with gourmet kitchens, stainless appliances, washers/dryers, and secured keyless entry. The property is poised to deliver strong returns, given the unique units and highly desirable location. With the assumable financing in-place, a buyer will be able to take advantage of the sub-4% interest rate for six more years.
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