The Columbia is a best in class boutique apartment building under construction in Fishtown, Philly's hottest location and most in demand residential submarket. With 412,800 in projected rental income, The 17 unit Property is ideal for a 1031 exchange and will cash flow from Day One. Spanning over 15,000 SF with elevator, common roof terrace and parking, The Property is outfitted with high design fixtures, finishes and features throughout. Pre leasing to commence upon construction completion Spring 2021. The apartments will lease themselves year over year. Pro forma annual net operating income of 347,820. Average rents projected around 2000/mo. Walkable to all of the city's best amenities and restaurants. 10 year tax abatement. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.
Property Type(s): Multi Family
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|CONSTRUCTION||Aluminum Siding, Brick, Combination|
|LOT||4356 sq ft|
|LOT DIMENSIONS||36.63 x 121.25|
|STYLE||Contemporary, Interior Row/Townhouse|
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Listing provided by Compass Pennsylvania, LLC
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Data last updated: 3/1/21 1:54 PM PST
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