646 32Nd St, Philadelphia, PA 19104
15 Unit Apartment Building | $4,150,000 ($276,667/Unit) | 7.07% Cap Rate | Philadelphia, PA 19104
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,150,000
- Property Type
-
Multifamily
- Square Feet
- 17,000 SF
Listing Contacts
Eric Dvotsky
Verified Profile
- Property Info
Property Overview
Philly Home Advisors proudly presents the Nautilus, an avant-garde 15-unit apartment complex that sets a new standard for urban living in University City. This cutting-edge construction features expansive units, upscale finishes, and unparalleled views. In response to evolving market trends, the Nautilus stays ahead of the curve by offering 11 highly sought-after, spacious 2-bedroom, 2-bath apartments—the current pinnacle of desirability—alongside 4 expansive 3-bedroom, 3-bathroom residences. Step into each unit and experience the welcoming embrace of open floor plans. These generously proportioned interiors boast top-tier finishes, from designer fixtures to state-of-the-art appliances. The open-concept layout maximizes natural light, cultivating a warm and inviting ambiance. Modern kitchens, equipped with premium appliances, complement chic bathrooms, and ample storage space, establishing a new benchmark for residents in the area. The roof deck, with its panoramic city skyline backdrop, serves as an idyllic setting for socializing, entertaining, or simply unwinding. Conveniently positioned within walking distance of prestigious institutions such as the University of Pennsylvania and Drexel University, as well as iconic landmarks like the Art Museum and 30th Street Station, the Nautilus offers easy access to local highways. Boasting a 10-year tax abatement and situated in an opportunity zone, this 15-unit gem facilitates a seamless tenant acquisition process. To sweeten the deal, the seller includes 1 year of free property management with the sale, making the Nautilus an irresistible investment opportunity.
Property Details
- Class
- A
- Year Built
- 2023
- Stories
- 4
- Lot Size (sq. ft)
- 8,712 SF
- Units
- 15
Highlights
- New construction, the building was just constructed in 2023.
- There is a 10 year tax abatement in place.
- The building is located in an opportunity zone.
- You can find this property in the heart of University City!
- This is a stabilized asset!
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