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1421 E COLUMBIA AVENUE
Philadelphia, PA 19125

Multifamily in Kensington / Philadelphia / PA / 19125

$6,500,000

20% Min Down
Entire Building
15,000 Sqft
$433 / Sqft
Listed Feb 21st, 2021, Built in 2021
Showsheet
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Common Charges
$0
Property Taxes
$5,767
Mortgage
$24,082
Total Monthly Payment
$29,849
Est. Rental Income
$1,250
Cap Rate
-0.83%
HopScore Analysis
HopScore Market Price:
$6,565,000
Difference from Asking Price:
$65,000
Closest Comparable:
None Found
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.

The manager has listed the unit size as 15000 square feet.
Features & Amenities
New Construction
Central A/C
Exterior: Aluminum Siding
Exterior: Brick
Listed By
Ryan McManus
(267) 838-5265
Compass
Price History
Date Event Price Source
2021-02-21 Listed $6,500,000 Listing Records
2021-01-03 Listed $6,500,000 Listing Records
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Recent Transactions at 1421 E COLUMBIA AVENUE
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Nearby Schools

(within attendance boundary)
Adaire Alexander Sch  •  0.14 mi
1300 E Palmer St, Philadelphia, PA 19125
Public  •  Elementary  •  Grades KG to 8
Philadelphia City School District
Conwell Russell MS  •  1.69 mi
1849 E Clearfield St, Philadelphia, PA 19134
Public  •  Middle School  •  Grades 5 to 8
Philadelphia City School District
Penn Treaty Sch  •  0.27 mi
600 E Thompson St, Philadelphia, PA 19125
Public  •  High School  •  Grades 6 to 12
Philadelphia City School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
Room By Room Floorplans and Photos
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Comparable Apartments for Rent
No comparable nearby rentals / sublets
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