2709 Cecil B Moore Ave - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$4,800,000 USD
610-606-1095
2709 Cecil B Moore Ave, Philadelphia, PA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/86
null | 6.47% Cap Rate

2709 Cecil B Moore Ave
Philadelphia, PA 19121
North Philadelphia West


HIGHLIGHTS

  • Turnkey New Construction
  • Stabilized Multifamily
  • 10 Year Tax Abatement
  • Curb Appeal
  • Oversized Units + Amenities

OVERVIEW

INTRODUCING, "The Columbia," in Philadelphia, Pennsylvania. This brand new ±21,000 SF boutique apartment building is being offered as a turnkey investment property in a Top-10 USA MSA. The Columbia features eighteen (18) new construction apartments plus amenities: fitness center, elevator, private balconies, common roof terraces, wifi nook, bike room, smart lock technology, in-unit washer/dryer combos, deluxe fit + finish kits, and more. The Columbia offers modern and stylish architecture with high quality materials inside and out. Each unit has a spacious, well-lit open layout that creates a seamless flow between living, dining, and kitchen areas. With an average size of ±800 SF per apartment, The Columbia's units boast tremendous spatial quality inside each apartment home. Unit mixture: Six (6) 1bd x 1ba, eleven (11) 2bd x 2ba, and one (1) 3bd x 2ba apartments. Designed by KORE and built by GRIT (two of Philly's most reputable firms), The Columbia provides an attractive 6.5% cap rate and carries a full 10yr tax abatement. Minimal OPEX combined with above-average rent growth make The Columbia one of the most prime acquisition opportunities available in the Greater Philadelphia marketplace.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

18

PRICE/UNIT

$266,667

CAP RATE

6.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Columbia Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

RM1

APN/PARCEL ID

882015090

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.