Property Description
Located at 19 S 44th Street, this contemporary multifamily property, built in 2020, oers a diverse mix of thoughtfully designed units. The building comprises two (2) studio apartments, two (2) one-bedroom, one-and-a-half-bath units, and two (2) two-bedroom, two-bath units. Unit sizes average approximately 458 square feet for studios, 880 square feet for one-bedrooms, and 918 square feet for two-bedrooms. Currently, all units are fully occupied, achieving an average rent of $1,203 for studios, $1,313 for one-bedrooms, and $1,695 for two-bedrooms. Additionally, the building benefits from a full 10-year tax abatement through 2031, enhancing its investment appeal. Each apartment is designed with modern, high-end finishes, including in-unit and dryers, stainless steel appliances with dishwashers, luxury vinyl flooring, granite countertops, recessed lighting, and individually controlled central air conditioning. Tenants are responsible for electricity, cable/internet, and a $30 monthly water fee. Nestled in West Philadelphias University City District, the property is situated in the Spruce Hill neighborhood, an area celebrated for its historic charm, vibrant dining options, and tree-lined streets. Residents enjoy access to Clark Park, a beloved green space that hosts community events throughout the year. With its prime location near major universities and hospitals, including the University of Pennsylvania and Drexel University, Spruce Hill remains a sought-after residential destination. The neighborhoods walkability, proximity to SEPTA bus routes and trolley lines, and easy access to Center Cityjust three miles eastensure excellent connectivity and access to top-tier urban amenities. *Photos include a few photos of each unit. Taxes and square footage is the responsibility of the buyer to have verified independently.