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2135 E Susquehanna Ave 13 Unit Apartment Building $3,900,000 ($300,000/Unit) Philadelphia, PA 19125
Executive Summary
Value add business opportunity from the developers of Old-World Warehouse. To see it is to understand it. Developed as 13 open concept loft condominium units, Tiesen Flats has been maintained as rental units by its owners. This property is quite simply a rare urban oasis, offering a large open courtyard, currently enjoyed for gatherings, events, and gardening by the community of tenants that live there. The units range in size from 880 to 1584 sq ft, with several fronting on the courtyard, and all featuring preserved architectural details (exposed beams, clerestory windows, and authentic carriage house doors), separate utilities, interior sprinkler system, hard wired smoke detection, and monitored integral alarm system. Whether you purchase this building to continue as rentals, sell off units as you choose, or develop the property further, Tiesen Flats makes for a great investment and represents a unique offering within the city. Unbeatable location just steps from the Market, Frankford EL, and all the great shops, restaurants and entertainment venues Fishtown has to offer.
Property Facts
| Price | $3,900,000 | Building Class | B |
| Price Per Unit | $300,000 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 16,343 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-1 - Residential-Mixed Use District for group dwellings in planned unit development | ||
| Price | $3,900,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 16,343 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 - Residential-Mixed Use District for group dwellings in planned unit development |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 880 - 1,584 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 888310105 | Improvements Assessment | $279,000 |
| Land Assessment | $53,000 | Total Assessment | $332,000 |
Property Taxes
Parcel Number
888310105
Land Assessment
$53,000
Improvements Assessment
$279,000
Total Assessment
$332,000
Contacts
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Patrick Gallagher -
Paula Seitchik -
Berkshire Hathaway Fox & Roach - Devon-Wayne
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