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3503 Midvale Ave
For Sale $9,900,000 ($330.00 per Sq Ft)
$9,900,000 ($330.00 per Sq Ft)
- 4 Units
- 30,000 Sq Ft
- 12,383 Sq Ft
- Unknown Cap Rate
Description
INTRODUCING: THE GRACE — named for a Philadelphia icon, Grace Kelly — this boutique new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. Nearly fully leased in its first year of occupancy, this premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue — the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting with studios, 1bd and 2bd apartments, residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it’s just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa’s regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more—just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation — NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $9,900,000 |
| Property Type | Other |
| Usable Sqft | 30,000 |
| Number of Stories | 5 stories |
| Parking Spots | 0 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 882968860 |
| MLS # | PAPH2412980 |
| Property ID | 320976690 |
| Lot Sqft | 12,383 |
| Zoning | CMX25 |
| Total Units | 4 |
| Days on Market | 110 |
| Original List Price | Unknown |
| Date Updated | January 31, 2025 |
| Date Created | October 21, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ryan J McManus an agent of Keller Williams Liberty Place. Lic #RS316262
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Data last updated: February 08, 2025.
Robert Crawford
REAL ESTATE AGENT