Description
Acquire a turnkey, stabilized multifamily asset on a 7.0% proforma cap rate in North Philadelphia West, featuring 5 spacious residential units and a full 10-year tax abatement. Acquire this high-quality, low-maintenance, new-construction property just completed in Q3 2024. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia West (19121) submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
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Neighborhood & Market Insights
This property is 187.4% above the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
-22.6% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee