1335-37 N MARSTON ST Philadelphia, PA 19121

Introducing Penny Arcade Apartments, a best in class boutique multifamily investment property in Philadelphia's booming Brewerytown neighborhood by Fairmount Park. Each newly constructed spacious apartment features luxury design and contemporary features such as waterfall edge quartz, subway tile backsplash, floating vanities, wide plank flooring, oversized windows, high ceilings, neutral palettes, upgraded appliances and more. Elevator, rooftop terrace with panoramic skyline views, basement storage included. Two units per floor in an optimally planned property that could easily be converted to luxury condos. The average unit size is over 1000 SF per apartment, a rarity in today's multifamily market. Six (6) 2 bedrooms and two (2) 3 bedrooms. 5.6% cap rate with a 6.2% pro forma cap rate based on market rate rents. Big rental upside for new owner. 10 year tax abatement (through 2029). This is the first in a collection of newly developed amenitized properties to be offered on the block, allowing investors the opportunity to purchase and maintain a critical mass of primely located luxury apartment buildings in one of Philly's fastest growing locations. Easy access into downtown Philly, University City, Fairmount Park and more. Walkable to bars, restaurants, breweries, cafes and shops along the Girard Avenue retail corridor.