1421 E COLUMBIA AVENUE, PHILADELPHIA, PA 19125

SGD $8,725,600

USD $6,500,000

Other
Property ID: 110062853122 More details

Commercial - PHILADELPHIA, PA

1421 E COLUMBIA AVENUE, PHILADELPHIA, PA 19125

Description

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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.

Basic info

  • Property Type Other
  • Land Size 4,356.00 sq ft (approx)
  • Year Built 2021
  • Rooms
  • Architecture Style Other
  • Provider Compass
  • County PHILADELPHIA
  • Subdivision Fishtown
  • Neighbourhoods PHILADELPHIA
  • Address 1421 E COLUMBIA AVENUE, PHILADELPHIA, PA 19125

Interior features

Exterior features

  • Elevator
  • Exterior Types Aluminum SidingBrick

Nearby Schools

District name
School name Type
Not available
Not available Elementary
Not available High
Not available Juniorhigh
Not available Middle

Data Provided by Compass, MLS#: PAPH975064

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