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    1421-23 E Columbia Avenue

    PHILADELPHIA, PA 19125
    • $6,500,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: PAPH990002
    UPDATED: 109 min ago
    $6,500,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,000
      SQFT
    • $433
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2021
    County:

    School Ratings & Info

    Description

    The Columbia is a best in class boutique apartment building under construction in Fishtown, Philly's 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 city's best amenities and restaurants. 10 year tax abatement. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-04T23:51:04.557.
    www.myfavoritehomesearch.com/homes/114419090
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    1421-23 E Columbia Avenue PHILADELPHIA, PA 19125

    • Price: $6,500,000
    • Status: Active
    • Updated: 109 min ago
    • ID#: PAPH990002
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    15,000
    SQFT
    $433
    $/SQFT
    2021
    Built
    Neighborhood:
    Fishtown
    County:
    Philadelphia
    Area:
    19125 (19125)
    School District:
    The School District Of Philadelphia
    Property Description
    The Columbia is a best in class boutique apartment building under construction in Fishtown, Philly's 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 city's best amenities and restaurants. 10 year tax abatement. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.
    Exterior Features

    Architectural Style Contemporary Construction Materials Aluminum SidingBrickCombination Garage Spaces 5.00 Garage Type Covered Parking Garage YN Yes Location Type Downtown Other Structures Above GradeBelow Grade Parking Types Attached Garage Pool No Pool Property Condition Excellent Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 15000 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 5 Three Bedroom Units 1 Two Bedroom Units 4

    Property Features

    Accessibility Features Elevator Assessment Year 2020 Association YN No Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Cross Street Memphis Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 4 Original MLSNumber 304489865396 Ownership Interest Fee Simple Possession 90-120 Days Cd Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 5767.00 Tax Assessment Amount 412000.00 Tax Lot 310 Vacation Rental YN No Water Source Public Zoning Irmx

    Listing courtesy of Compass Pennsylvania, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-04T23:51:04.557.
     
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    Keller Williams Realty - Matt Fetick Team
    210 S Mill Rd Suite 104
    Kennett Square PA, 19348