3503 Midvale Avenue, Philadelphia, PA 19129-1633 $10,500,000
Interior Sq. Ft: 30,000
Acreage: 0.28
Age:0 years
Taxes: $2,432
Subdivision: East Falls
Design/Type:
Other
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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Wall Unit Heating, Electric, Ductless/Mini-Split, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
None
Interior
Luxury Vinyl Plank Flooring, Accessibility - Elevator, Exterior Cameras, Intercom
Exterior
Concrete Perimeter Foundation, Masonry
Lot
Urban, City View, Panoramic View, River View, Park/Greenbelt
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (140 schools)
Public Middle (24 schools)
Public High (63 schools)
Private (144 schools)
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This report is a detailed community overview for Philadelphia (19129), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 36
- Average salary of people in this community: $64,146
Community Summary
- Population Density (ppl / mile): 4,908
- Household Size (ppl): 2.21
- Households w/ Children: 38%
Housing Inventory
- Owned: 2,249 (44.2%)
- Rented: 2,422 (47.6%)
- Vacant: 417 (8.2%)
- Total: 5,088
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 0.5%
- Some High School: 4.3%
- High School Graduate: 17.2%
- Some College: 12.3%
- Associate Degree: 2.9%
- Bachelor's Degree: 30.7%
- Graduate Degree: 32.0%
Income by dollar range
Median Income: $79,034
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $635
- One Bedroom: $1,270
- Two Bedroom: $1,493
- Three Bedroom: $1,276
- Four Bedroom: $1,825
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Contact Information
Schedule an Appointment to See this Home
Contact our Customer Service Center
or call us at 302-234-5270
Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, paul@teamoceanside.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 12/21/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.