New Construction
Address
1343 Fitzwater Street Philadelphia, PA
Price
$ 2,700,000
Property Attributes
  • MLS#PAPH2014588
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19147
  • NeighborhoodHawthorne
  • Zip19147
  • StyleApartment Building
  • Taxes$ 872
  • Price$ 2,700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5726
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Compass RE
Data Source:
Bright MLS - 382 - MD
Property Description

We are pleased to present an extremely rare opportunity to purchase a core investment property in the super-prime location of Hawthorne. The Center City location is in one of Philadelphia's most desirable and exciting neighborhoods. Fitzwater Flats is a best-in-class new construction luxury boutique building consisting of (4) one-bedroom units and (2) two-bedroom/two and a half-bath units with a private outdoor space. Each unit features modern finishes, fixtures, and features with high ceilings, high-end kitchens with quartz waterfall countertops, stainless steel appliances, modern baths, a washer/dryer, separate utilities, and ample closet space. The average in-place rent for a one-bedroom apartment is $2,250 and $3,200 for a two-bedroom. Ten-year tax abatement and condo conversion approvals are included with the sale. Ideal for a 1031 exchange or as an owner-occupied investment. Hawthorne is by far the hottest and most exciting residential market in the City of Philadelphia with an outstanding average occupancy of 98% to 100%. Located just steps from some of Philly’s best theaters, restaurants, and shops, nearly every block of the neighborhood is filled with new construction townhomes and condominiums.

Price History
7/27/2021 Listed $2,750,000
9/25/2021 2% - $2,700,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Business Type Apartment Building
Construction Completed Y/N Yes
Construction Materials Brick, Vinyl Siding
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 125
Flooring Hardwood, Ceramic Tile
Heating Forced Air
Lot Size Square Feet 5726.00
MLS Area 19147 (19147)
Municipality PHILADELPHIA
New Construction Yes
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 471.53
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Security Features Intercom, Security System, Sprinkler System - Indoor, Smoke Detector, Fire Detection System
Sewer Public Sewer
Subdivision Name HAWTHORNE
Tax Annual Amount 872.0
Tax Lot 524
Tax Year 2021
Topography The building sits on the corner of Fitzwater Street and East of South Broad on Watts
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM2

Interior Features

Central Air Y/N Yes
Clear Span Ceiling Height 10' to 12'
Heating Fuel Electric
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 10

Exterior Features

Building Area Total 5726.00
Lot Dimensions 24.00 x 75.75
Lot Size Acres 0.13
Lot Size Source Estimated
Navigable Water Y/N No
Topography Description The building sits on the corner of Fitzwater Street and East of South Broad on Watts
Type of Parking On Street, Other
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19147

Price
AVG $700K
$2.7M
Taxes
AVG $6,730
$872
Visits
AVG 55
32

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