1421-23 E Columbia Ave

$6,500,000

$6,500,000

1421-23 E Columbia Ave

Fishtown

Sq Ft
15,000
Bedrooms
0
1421 Columbia Avenue Pa 19125 1421-23 E Columbia Ave , United States

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.

Courtesy of Compass Pennsylvania, LLC