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2045 TRENTON AVENUE
Philadelphia, PA 19125

Multifamily in Kensington / Philadelphia / PA / 19125

$4,150,000

20% Min Down
Entire Building
15,000 Sqft
$277 / Sqft
Listed Jan 3rd, 2021, Built in 1903
Showsheet
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Common Charges
$0
Property Taxes
$21,837
Mortgage
$15,375
Total Monthly Payment
$37,212
Est. Rental Income
$1,250
Cap Rate
-5.95%
HopScore Analysis
HopScore Market Price:
$4,191,500
Difference from Asking Price:
$41,500
Closest Comparable:
None Found
Description
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.
Features & Amenities
Central A/C
Exterior: Masonry
Listed By
Ryan McManus
(267) 838-5265
Compass
Price History
Date Event Price Source
2021-01-03 Listed $4,150,000 Listing Records
2020-12-15 Listed $4,150,000 Listing Records
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Nearby Schools

(within attendance boundary)
Hackett Horatio B Sch  •  0.18 mi
2161 E York Street, Philadelphia, PA 19125
Public  •  Elementary  •  Grades PK to 5
Philadelphia City School District
Conwell Russell MS  •  1.28 mi
1849 E Clearfield St, Philadelphia, PA 19134
Public  •  Middle School  •  Grades 5 to 8
Philadelphia City School District
Penn Treaty Sch  •  0.54 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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