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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
| Last Updated | 2/22/2021 | Tract | FISHTOWN |
|---|---|---|---|
| Year Built | 2021 | Community | PHILADELPHIA |
| Garage Spaces | 5.0 | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AIR | Central A/C |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | PHILADELPHIA |
| CONSTRUCTION | Aluminum Siding, Brick, Combination |
| GARAGE | Yes |
| HEAT | Central |
| HOA DUES | None |
| LOT | 4356 sq ft |
| LOT DIMENSIONS | 36.63 x 121.25 |
| SEWER | Public Sewer |
| STYLE | Contemporary, Interior Row/Townhouse |
| SUBDIVISION | FISHTOWN |
| TAXES | 5767.00 |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | IRMX |
Location
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Listing provided by Compass Pennsylvania, LLC
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2021 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 3/1/21 1:54 PM PST
This IDX solution is (c) Diverse Solutions 2021.
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