1715 N 25TH ST, PHILADELPHIA, PA 19121 (MLS # PAPH918496)
On behalf of Ownership, Agent PHL powered by Compass presents 5 on 25, a boutique collection of 5 new construction triplex buildings totaling 15 apartments in the booming Brewerytown (19121) submarket of Philadelphia, Pennsylvania. Each high design multifamily property contains three (3) units with two (2) 3bd x 3ba units and one (1) 1bd x 1ba unit. All of the buildings are located on the 1700 block of North 25th Street which provides an exceptional critical mass opportunity for the future owner/investor, with ease of management and control. Each new build is approximately 4000 SF with 4 storey construction and open concept floorplans. The 1200-1400 SF lower level 3bd x 3ba units have the first floor and basement, plus private access to a rear yard. They are leasing from $1825-1900/month. The 600 SF 1bd units have the entire second floor; they are full floor flats leasing from $1250-1300/month. The 1350-1400 SF upper level 3bd x 3ba units have the entire third and fourth floors, plus balconies and private rooftop terraces with panoramic city views. They are leasing from $2250-2300/month. Ownership has commenced pre-leasing with about 33% of the units leased on annual terms. Rents average $1.75 per square foot. The total annual pro forma rent is approximately $326,000. The pro forma cap rate is 6%, an attractive investment yield. Each property benefits from the full 10 year tax abatement, offering the future owner/investor substantial tax savings over the 10 year hold period. Luxury finishes, fixtures and features throughout including matte black hardware, quartz countertops, stainless steel appliances, flat panel gloss cabinetry, hardwood flooring, tiled bathrooms, deluxe vanities, oversized Pella windows, pendant lighting, smart home technology, LED lighting and mirrors + more. Washer and dryer in every unit for convenience. E-locks and Simplisafe for security. Striking architecture and dramatic curb appeal. Developed by leading city Builder and built by leading local GC with fine interiors and sophisticated building materials by Mega Supply Pro. Addresses include: 1715, 1717, 1721, 1725 + 1741 N 25th Street. MAKE YOUR MOVE!
Property Type(s): Multi Family
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|BASEMENT||Fully Finished, Yes|
|LOT||1307 sq ft|
|LOT DIMENSIONS||16.00 x 72.00|
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Listing provided by Compass Pennsylvania, LLC
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Data last updated: 8/8/20 8:55 PM PDT
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