2400 W Montgomery Ave - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$1,795,000 USD
610-606-1095
2400 W Montgomery Ave, Philadelphia, PA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/69
null | 6.7% Cap Rate

2400 W Montgomery Ave
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • PROMINENT CORNER MULTIFAMILY BUILDING
  • TOP 10 USA MSA
  • PRE-CO QOZ NEW CONSTRUCTION APARTMENT BUILDING
  • FULLY-LEASED BOUTIQUE APARTMENT PROPERTY
  • INCOME-PRODUCING INVESTMENT
  • 6.7% CAP | 10YR TAX ABATEMENT

OVERVIEW

2400 WEST is an exceptionally modern new construction redbrick apartment building in Philadelphia, Pennsylvania. This fully-leased, turnkey asset features eight (8) apartments with an even mixture of 1bd and 2bd units. A panoramic skyline rooftop adorns the property featuring sweeping views of Downtown Philly. Easily accessible to both Center City and University City (as well as Temple University, PHL's largest university by enrollment), 2400 WEST blends contemporary design with appropriately-scaled urban density. Located on a prominent corner surrounded by new development, this multifamily property is now available for just $224K per unit as a stabilized new construction apartment building in an appreciating location with a 6.7% in-place cap rate. Walk to amenities, parks, transportation. 10 year tax abatement. Enquire within for financials.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$449 USD /SF

# OF UNITS

8

PRICE/UNIT

$224,375

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2400 WEST

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,349 SF

ZONING

-

APN/PARCEL ID

472077800

ASK ABOUT THIS PROPERTY

Ryan McManusAgent PHLMore Info
610-606-1095

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Ryan McManusAgent PHLMore Info
610-606-1095

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