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Tiesen Flats Condominium 2135 E Susquehanna Ave 13 Unit Apartment Building $4,500,000 ($346,154/Unit) Philadelphia, PA 19125



INVESTMENT HIGHLIGHTS
- This rare urban oasis-13 separately deeded residences with open courtyard
- Architectural details such as authentic carriage house doors
- Sprinkler & hard-wired alarm systems
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. 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, 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 restaurants, shops, and entertainment venues Fishtown has to offer. TAX I.D. #888310105, #888310110, #888310115, #888310120, #888310125, #888310130, #888310135, #888310140, #888310145, #888310150, #888310155, #888310160, #888310165.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,500,000 | Building Class | C |
| Price Per Unit | $346,154 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 16,343 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2008 |
| 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 | $4,500,000 |
| Price Per Unit | $346,154 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 16,343 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2008 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 - Residential-Mixed Use District for group dwellings in planned unit development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- 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®
Walker's Paradise (90)
Bike Score®
Very Bikeable (83)
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Contact the Sale Advisor
Tiesen Flats Condominium | 2135 E Susquehanna Ave
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