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    1421-23 E Columbia Avenue

    PHILADELPHIA, PA 19125
    • $6,500,000
    • STATUS: Active
    • ON SITE: 123 days
    • ID#: PAPH975064
    UPDATED: 94 min ago
    $6,500,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2021
    County:

    School Ratings & Info

    Description

    The Columbia is a best in class boutique apartment building under construction in Fishtown, Phillys 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 citys 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 Real Estate. 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: 2021-05-07T23:53:16.053.
    www.colganrealestate.com/homes/112982250
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    1421-23 E Columbia Avenue PHILADELPHIA, PA 19125

    • Price: $6,500,000
    • Status: Active
    • Updated: 94 min ago
    • ID#: PAPH975064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    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, Phillys 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 citys best amenities and restaurants. 10 year tax abatement. Pre-CO Qualified Opportunity Zone (QOZ) asset. MAKE YOUR MOVE.
    Exterior Features

    Construction Materials BrickAluminum SidingCombination Garage YN No Location Type Downtown Parking Types Private Garage Property Condition Excellent Riparian Rights YN No Roof Other View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 15000.00 Cooling Central A/C Flooring Other Heating Central Heating YN Yes Net Square Feet 15000.00

    Property Features

    Accessibility Features Elevator Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Cross Street Memphis St Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 17 Original MLSNumber 304434286809 Ownership Interest Fee Simple Possession 90-120 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer 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 Real Estate. 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: 2021-05-07T23:53:16.053.
     
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