2045-49 Trenton Ave - Apartments FOR SALE


Philadelphia, PA 19125- Fishtown
$4,150,000 USD
856-644-4268
2045-49 Trenton Ave, Philadelphia, PA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/21
null | 6% Cap Rate

2045-49 Trenton Ave
Philadelphia, PA 19125
Fishtown


HIGHLIGHTS

  • 100% leased with full in-place management and seven years left in tax abatement for a stabilized, passive investment opportunity.
  • 2045-49 Trenton Avenue presents 12 exceptional units with a great layout and unique finishes in turnkey condition for minimal maintenance.
  • Unit mix consists of four one-bedroom units averaging 800 square feet, and eight two-bedroom units averaging 1,000 square feet.
  • Prime Fishtown neighborhood of Philadelphia enables strong rental demand and ease in leasing units efficiently.
  • Philadelphia’s Fishtown is a lively, growing community with a vibrant nightlife and community events, gardens, and cafes.
  • Must see in person to appreciate the uniqueness of this building.

OVERVIEW

Reda & Co Team and Compass Commercial proudly offer the investment opportunity to acquire 2045-49 Trenton Avenue, a fully leased, turnkey, tax-abated, 12-unit multifamily property. Just steps from Frankford Avenue, it features the perfect blend of spacious one- and two-bedroom apartments that blend modern design with industrial character, including exposed brick, beams, and ductwork, oversized windows, and ceilings reaching up to 18 feet, making them very easy to rent. Located in one of Philadelphia’s most sought-after neighborhoods, Fishtown. Situated along the historic cobblestones of Trenton Avenue, the building offers a prime, walkable location surrounded by some of the city’s best restaurants, bars, and cafés. Within the 3-mile radius of 2045-49 Trenton Avenue, more than 60% of the area is renter-occupied housing, with nearly 65% being one- or two-unit layouts, aligning with the subject. There are approximately 181,330 households within the 3-mile radius, with a healthy spending power of more than $4.5 billion annually. 2045-49 Trenton Avenue is a must-see in-person property to appreciate the building's unique features. There’s genuinely nothing comparable available in Fishtown, Philadelphia’s hottest investment submarket. The property is a Qualified Opportunity Zone.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

12

PRICE/UNIT

$345,833

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Nylon Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1903

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,947 SF

ZONING

ICMX

APN/PARCEL ID

881068777

ASK ABOUT THIS PROPERTY

Reda AkbilCompass CommercialMore Info
856-644-4268

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Reda AkbilCompass CommercialMore Info
856-644-4268

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