1421-23 E Columbia Ave
For sale
$6,500,000
Estimated Monthly Payment: $30,122/mo
1421-23 E Columbia Ave, Philadelphia, PA 19125
MLS# PAPH990002
Multi-Family
Listing Status: Active
15,000
sqft
55
46
0
REMARKS:
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.
MAP:
OVERVIEW:
Multi-Family
Interior Row/Townhouse
Active
BRIGHT
Fishtown
Contemporary
2021
0.10
15000
4441
Above Grade,Below Grade
5
Central
Electric
Central A/C
Public
Public Sewer
FEATURES:
No Pool
City
SCHOOLS:
THE SCHOOL DISTRICT OF PHILADELPHIA
FINANCIAL:
Courtesy of Compass Pennsylvania, LLC
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elfant Wissahickon Realtors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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