Blue-chip real estate investment opportunity awaits @ 1612 Cambridge — an expertly designed new multifamily development in the Francisville section of Philadelphia, Pennsylvania. This cash-flowing, 15-unit apartment building with parking, skyline rooftop terrace and 10 year tax abatement is ideal for a 1031 exchange. The units are rented for an average of ±$2200/mo. There are five (5) 2bd x 1ba condos and ten (10) 2bd x 2ba condos offered for sale in this 21-unit condominium property. The Location is walkable to the Broad Street Septa subway (North Broad line), as well as downtown Philly and the Fairmount, Brewerytown & Spring Garden neighborhoods — top-notch amenities, restaurants, cafes and breweries in every direction. Average rent per square foot is $2.14. 1:1 private parking is available for the rentals. It's a gated, private surface level garage. Easy access in and out of the building and units; all doors on e-locks. Exterior security system monitoring. Deluxe interior fit-outs in every unit: quartz counters and backsplash, GE Cafe appliance package, washer-dryer in every unit, exposed ductwork, skyline vistas in southern-facing units, custom shower-glass enclosures, matte black plumbing fixtures and hardware, and more. These units are designed as condos and therefore achieve rental premiums in the marketplace, providing an advantage over the competition. Extremely low condo fees (just 26 cents per square foot) + minimal expenditures required to run a profitable building. Offered for sale at an attractive 6.25% cap rate. FULL 10 year tax abatement. Enquire within for pro forma financials, plans and more.

Listing courtesy of Compass Pennsylvania, LLC (267) 448-3744



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.