Nylon Lofts is a 15,000 SF boutique apartment building under
construction in Phillys hottest location, Fishtown. Ideal for a
1031 exchange: 313,000 in projected annual income. Authentic
character and charm resonate throughout the 12 unit Property, with
exposed original brick and wooden beams. Spacious loft apartments
outfitted with all of the modern finishes, fixtures and features.
The apartments will lease themselves year over year. Year 1 pre
leasing will commence Spring 2021 upon construction completion.
219,000 pro forma annual net operating income. Average rents
projected around 2175/unit. This Building will lease up quickly and
cash flow from Day One. Pre-CO Qualified Opportunity Zone (QOZ)
asset. MAKE YOUR MOVE.
The manager has listed the unit size as 15000 square feet.
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