1328 S 31st St, Philadelphia, PA 19146

Property Description

TURNKEY LUXURY WITH 8 YEARS OF TAX ABATEMENT REMAINING! Welcome to 1328 S 31st St—a sprawling, flawless 5-bedroom, 4-bathroom townhome offering over 2,850 sq ft of premium living space in the rapidly developing Grays Ferry neighborhood. Fully built from the ground up in 2024 and freshly repainted from top to bottom, this property is in pristine, immediate move-in condition. Whether you are an owner-occupant looking for a massive, multi-level residence or an investor seeking a high-yield, low-maintenance asset (perfect for a highly profitable multi-tenant setup!), this property delivers unmatched value. THE FINANCIAL ADVANTAGE: Lock in drastically lower monthly payments and massive ROI. This home boasts an active, city-approved Tax Abatement with approximately 8 years remaining, shielding over $240,000 of the building's value from property taxes. THE MAIN LEVEL: Step into a sun-drenched, open-concept first floor featuring gleaming hardwood floors, recessed lighting, and a spacious living and dining area. The beautifully appointed eat-in kitchen is an entertainer’s dream, complete with ample soft-close cabinetry, a large center island, a breakfast bar, and stainless steel appliances. Just beyond the kitchen is the first of four outdoor spaces: a private rear patio perfect for summer BBQs and firepit nights. THE UPPER LEVELS: The second floor offers two generously sized, well-lit bedrooms, a custom-tiled hall bathroom, and a convenient dedicated laundry area. Ascend to the third floor to find your private primary suite oasis, alongside an additional bedroom and two full bathrooms, with select bedrooms featuring their own attached private balconies. THE ROOF DECK: The crown jewel of this home is the massive private roof deck. Offering breathtaking, unobstructed views of the Philadelphia skyline, the deck comes fully equipped with hardwired water and electric lines—making rooftop entertaining, lighting, and cleaning an absolute breeze. THE FINISHED BASEMENT: The fully finished lower level maximizes the home's footprint, featuring the 5th bedroom, a 4th custom full bathroom, and extensive storage space. This separate living area is highly versatile, perfect for a guest suite, home gym, home office, or maximizing rental income. PREMIUM UPGRADES: Built with quality and safety in mind, the home features energy-efficient windows that flood the space with natural light, a modern fire-sprinkler system, hardwired smoke/carbon monoxide detectors, and low-VOC paint throughout. This is a rare opportunity to secure a zero-headache, turnkey asset in one of South Philadelphia's most strategic pockets. With the heavy lifting done and the tax abatement secured, this one will not last.