1421-23 E COLUMBIA Avenue
1421-23 E COLUMBIA Avenue Philadelphia, Pennsylvania 19125 United States

$6,500,000
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Compass Pennsylvania, LLC

Listing Courtesy of Compass Pennsylvania, LLC
$6,500,000
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.1 Acres
Exterior
Commercial
Property type
2021
Year Built
PAPH975064
Web Id
PAPH975064
MLS ID
FISHTOWN
Subdivision
Philadelphia City
School District
21
days ago

About 1421-23 E COLUMBIA Avenue

The Columbia is a best in class boutique apartment building under construction in Fishtown, Phillys 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 citys best amenities and restaurants. 10 year tax abatement. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.

Listing Courtesy of Compass Pennsylvania, LLC

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

features

cooling
Electric

PROPERTY INFORMATION

Cooling
Central A/C
Heating
Central
Sewer
Public Sewer
View
City

EXTERIOR

Roofing
Other

INTERIOR

Flooring
Other

ADDITIONAL INFORMATION

Body of Water
Public
Listing Courtesy of Compass Pennsylvania, LLC