2015-2019 N College Ave - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$2,640,000 USD
610-606-1095
2015-2019 N College Ave, Philadelphia, PA for Sale
$2,640,000 USD
Apartments - FOR SALE
1/23
null | 6% Cap Rate

2015-2019 N College Ave
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • TOP 10 USA MSA
  • SCENIC SETTING OVERLOOKING GIRARD COLLEGE FIELDS
  • HIGH-GROWTH LOCATION
  • MINIMAP OPEX; 10 YR TAX ABATEMENT
  • EASY ACCESS TO AMENITIES

OVERVIEW

Welcome to College Nine, a boutique collection of three (3) turnkey new construction triplexes built in 2021, located along historic College Avenue in the booming Brewerytown section of Philadelphia,Pennsylvania. College Nine is easily walkable to all amenities, bars, breweries, restaurants and cafes along Girard Avenue commercial corridor. Each building contains three units; the lower unit (Unit 1) is bilevel and composed of 3bd x 3ba and a private back patio. Upper units (Units 2 and Unit 3) are composed of 1bd x 1ba full-floor layouts (flats), each with their own balcony. Fully-leased apartment property. High-demand real estate. Top-10 USA MSA. Redbrick curb appeal. Stylish, spacious units. FULL 10 year tax abatement coupled with minimal OPEX. Rent growth and appreciation forecast for years to come in this emerging submarket of Philly. 6% Pro Forma Cap Rate. Easy access into downtown Philly. Just 10 minutes to City Hall, the urban core. The scenic location overlooks historic Girard College — a Philadelphia institution. Ideal 1031 exchange. Enquire within for financials.

FOR SALE DETAILS

PRICE

$2,640,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

9

PRICE/UNIT

$293,333

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

COLLEGE NINE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,935 SF

ZONING

RM1

APN/PARCEL ID

291025300

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.