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2135 E Susquehanna Ave 13 Unit Apartment Building $5,326,074 CAD ($409,698 CAD/Unit) Philadelphia, PA 19125



Executive Summary
Value add business opportunity from the developers of Old-World Warehouse. To see it is to understand it. Developed as 13 open concept loft condominium units, Tiesen Flats has been maintained as rental units by its owners. This property is quite simply a rare urban oasis, offering a large open courtyard, currently enjoyed for gatherings, events, and gardening by the community of tenants that live there. The units range in size from 880 to 1584 sq ft, with several fronting on the courtyard, and all featuring preserved architectural details (exposed beams, clerestory windows, and authentic carriage house doors), separate utilities, interior sprinkler system, hard wired smoke detection, and monitored integral alarm system. Whether you purchase this building to continue as rentals, sell off units as you choose, or develop the property further, Tiesen Flats makes for a great investment and represents a unique offering within the city. Unbeatable location just steps from the Market, Frankford EL, and all the great shops, restaurants and entertainment venues Fishtown has to offer.
Property Facts
| Price | $5,326,074 CAD | Building Class | B |
| Price Per Unit | $409,698 CAD | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 16,343 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-1 - Residential-Mixed Use District for group dwellings in planned unit development | ||
| Price | $5,326,074 CAD |
| Price Per Unit | $409,698 CAD |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 16,343 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 - Residential-Mixed Use District for group dwellings in planned unit development |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 880 - 1,584 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 888310105 | Improvements Assessment | $384,649 CAD |
| Land Assessment | $73,070 CAD | Total Assessment | $457,718 CAD |
Property Taxes
Parcel Number
888310105
Land Assessment
$73,070 CAD
Improvements Assessment
$384,649 CAD
Total Assessment
$457,718 CAD
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2135 E Susquehanna Ave
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