Hope Street Quarters: Newly constructed boutique 5-unit apartment building for sale in East Kensington with a highly attractive 6.36% cap rate. This prime Philadelphia multifamily real estate offering is available now—individually or with multiple similar properties nearby for critical mass investors. Offered below replacement costs (the combined price of land acquisition + construction). Dramatic curb appeal, multiple entrances for each apartment (inside and outside) plus a sweeping 880 SF rooftop terrace for common outdoor entertaining and panoramic Philly skyline views. UNITS: Each of the 2bd x 2ba apartments is contained on its own floor (from lower level through the 4th storey) with ±1425 SF of spacious, open concept floorplans. LOCATION: Walkable to Fishtown, Philly's most popular area + Huntingdon Station on Septa's Market-Frankford El train which takes riders into Center City and University City in just over 20 minutes. FULL 10 yr tax abatement, minimal expenditures, high rent growth/appreciation forecast for years to come.
Property Type :
Multi-Family
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/16/2024 @ 20:40
MLS: PAPH2308044
LISTED BY: Ryan J McManus , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
