INTRODUCING: THE GRACE â named for a Philadelphia icon, Grace Kelly â 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 â 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, itâs 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, Septaâs regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much moreâjust 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 â NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
PAPH2385318
Apartment Building
PHILADELPHIA
PHILADELPHIA
2024
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0.28
Acres
Electric Water Heater, Public Water Service
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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Arrows indicate 90 day trend
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