On the Market: Brand-New Three-Flat in Sharswood
Ever dream of being your own landlord? Buy this brand-new townhouse and let your tenants pay your mortgage while you live in style.
As of now, those grand plans the Philadelphia Housing Authority announced for Sharswood have produced a spanking-new PHA headquarters and somewhere around 200 new units of housing. That’s three years into a 10-year, $500 million program that promises nothing less than a total transformation of the struggling neighborhood.
Maybe in ten years, we will be able to look back on the grand transformation this cataclysmic money produced. But we’re not holding our breath that long, for we think that gradual money will do the trick better. Today we offer a chance for you to put down some of your own gradual money to buy a little piece of the future of Sharswood.
It’s so nice, you might even want to live in it yourself.
The developer of this brand-new three-story-plus-basement, three-unit townhouse on Master Street, one block north of Girard College and one block west of the PHA’s new headquarters, poured their own gradual money into producing this sleek new triplex.
And if this represents Sharswood’s future, it will be a comfortable one, for this townhouse’s three units have been outfitted with a bunch of high-end features no other house in this neighborhood has. At least not yet.
Like high-efficiency European windows in all of the rooms. Custom hardwood floors throughout. Kitchens equipped with quartzite stone countertops and Samsung and Bosch appliances.
Stylish vanities, marble tile walls and full tile showers with frameless glass doors and rain shower heads in the bathrooms (and a wand in the unit A master bathroom shower).
High-security doors for both the building and each individual unit.
And it has network wiring in every room and a security camera system with video intercom.
Plus it’s located close to frequent SEPTA transit and a short distance away from Brewerytown’s burgeoning restaurant and bar scene.
In short, this represents a great opportunity to get in on the ground floor of change before the crowd does. Literally: the ground-floor unit is a bi-level apartment with three bedrooms, three bathrooms, a powder room and a backyard that awaits your green thumb (or your garden expert’s).
You could make this your home while renting out the upper two units, both of which have two bedrooms and two full bathrooms. The top-floor unit also has its own private roof deck.
Rent out the upper two units, live in the bottom one, and your tenants can pay your mortgage for you. (Or live in the top one and rent out the bottom two.) Not only will you be living on the cutting edge, you’ll be doing it for free.
THE FINE PRINT
(figures for all three units combined)
BATHS: 7 full, 1 half
SQUARE FEET: 3,750
SALE PRICE: $825,000
OTHER STUFF: Another option if you want to grab a piece of Sharswood’s future but don’t want to live there yourself is to buy the building and sell the units as condos. In fact, in addition to this listing, the agent has each of the three units listed for sale individually. The separate listings are also linked below.
2110 W. Master St., Philadelphia, Pa. 19121 [Ilya Markman | RE/MAX Elite]
2110A W. Master St., Philadelphia, Pa. 19121: 3 beds, 3 full, 1 half baths, 1,850 square feet, $345,000
2110B W. Master St., Philadelphia, Pa. 19121: 2 beds, 2 baths, 950 square feet, $220,000
2110C W. Master St., Philadelphia, Pa. 19121: 2 beds, 2 baths plus roof deck, 950 square feet, $265,000