Views - New Construction
Listed By:
BHHS Fox & Roach-Center City Walnut
Address
646 N 32Nd Street, Philadelphia, PA
Price
$ 4,150,000
Property Attributes
  • MLS#PAPH2300518
  • TypeContingent
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19104
  • NeighborhoodUniversity City
  • Zip19104
  • StyleApartment Building
  • Year Built2023
  • Taxes$ 2389
  • Price$ 4,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12000
  • Lot Size4,356 SqFt
Data Source:
Bright MLS
Property Description

Philly Home Advisors proudly presents the Nautilus, an avant-garde 15-unit apartment complex that sets a new standard for urban living in University City. This cutting-edge construction features expansive units, upscale finishes, and unparalleled views. In response to evolving market trends, the Nautilus stays ahead of the curve by offering 11 highly sought-after, spacious 2-bedroom, 2-bath apartmentsthe current pinnacle of desirabilityalongside 4 expansive 3-bedroom, 3-bathroom residences. Step into each unit and experience the welcoming embrace of open floor plans. These generously proportioned interiors boast top-tier finishes, from designer fixtures to state-of-the-art appliances. The open-concept layout maximizes natural light, cultivating a warm and inviting ambiance. Modern kitchens, equipped with premium appliances, complement chic bathrooms, and ample storage space, establishing a new benchmark for residents in the area. The roof deck, with its panoramic city skyline backdrop, serves as an idyllic setting for socializing, entertaining, or simply unwinding. Conveniently positioned within walking distance of prestigious institutions such as the University of Pennsylvania and Drexel University, as well as iconic landmarks like the Art Museum and 30th Street Station, the Nautilus offers easy access to local highways. Boasting a 10-year tax abatement and situated in an opportunity zone, this 15-unit gem facilitates a seamless tenant acquisition process. To sweeten the deal, the seller includes 1 year of free property management with the sale, making the Nautilus an irresistible investment opportunity.

Price History
11/29/2023 Listed $4,275,000
3/7/2024 3% - $4,150,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession 0-30 Days CD
Roof Rubber
Zoning RM1
Construction Materials Masonry
Year Built 2023
View Panoramic,City
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 375108.00
OwnerPays Common Area Maintenance,Heater Maintenance Contract,Insurance,Management,Miscellaneous,Pest Control,Repairs,Sewer Maintenance,Snow Removal,Taxes - Real Estate,Other
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
Net Operating Income 293355.00
Insurance Expense 13500.00
New Construction Yes
Property Type Commercial Sale
Subdivision Name UNIVERSITY CITY
Water Access Y/N No
Status ACTIVE UNDER CONTRACT
Directions use gps
ModificationTimestamp 2024-04-04T18:02:45
City PHILADELPHIA
Buyer Agent Compensation 2
Total Units 15
MLS Area 19104 (19104)
Lot Size Square Feet 4376.00
Tax Assessed Value 170700.0
Waterfront Y/N No
Street Name 32ND
Tax Annual Amount 2389.0
Electric Expense 3500.00
Property Condition Excellent
Construction Completed Y/N Yes
Lease Considered Y/N No
Vacation Rental Y/N No
Virtual Tour https://app.frame.io/reviews/e84b5471-bd44-4a78-b9b3-3e60bef9c1a3/3b3a52cf-a36c-4b84-911b-46a2e5a67c3c
Days on Market 128
Location Type Corner Lot/Unit
Standard Status Active Under Contract
Year Built Source Estimated
Tax Lot 84
Cap Rate 7.10
Buyer Agent Compensation Type % Of Base
Association Recreation Fee No

Interior Features

Heating Fuel Electric
Hot Water Electric
Total Stories 5
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
Entry Level 1

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code O50
Water View Y/N No
Building Area Total 0.00
Lot Dimensions 35.00 x 112.00
Lot Size Acres 0.10
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 170700.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

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 Contingent Average in 19104

Price
AVG $400K
$4.15M
Taxes
AVG $3,697
$2,389
Visits
AVG 210
320
Data Provided by Inside Real Estate®
Year Built
AVG 1951
2023

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