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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