Investor alert: 1339 Marston is located in the coveted new Opportunity Zone. Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 4800 SF new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Each 2bd/2ba unit contains over 1000 SF with outdoor space, open concept living, high-design interiors, bi-level floorplans, hardwood floors, high ceilings, quartz countertops, pendant lights, modern appliances and conveniences throughout. Units 2-3-4 have convenient powder rooms located off the kitchen. All units feature 11' ceilings throughout, giving a supreme luxurious quality to each of the 4 units. This secure boutique building features outdoor patios for the lower level units with roofdecks for the upper units, showcasing sweeping skyline views of downtown Philly. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1339 Marston is surrounded by tastefully-designed new developments, common amenities, walkable retail and dining destinations on Girard Avenue, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6-cap return with over 83k in projected NOI (net operating income). Pro forma financials available upon request. Units are also being marketed as condos to homebuyers and are designed to for sale caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available as a package with 1342 Marston, 1341 Marston and 1219 27th for a total of 17 units in 4 buildings. Each unit at 1339 Marston is also on the market for sale as individual condos. 2018-12-27
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
