1421-23 E Columbia Ave, Philadelphia, PA, 19125

1421-23 E Columbia Ave, Philadelphia, PA, 19125 < >
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for sale
$6,500,000
Lot Size:0.10 Acres
Year Built:2021
Status:Active
MLS #:PAPH990002
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
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.
Interior Details
Architectural Style: ContemporaryFireplaces Count: 0
Living Area SQFT: 15000

Exterior Details
Garage Spaces Count: 5.00Lot Size Acres: 0.10
Lot Size Dimensions: 36.63 x 121.25Lot SQFT: 4441.00
Navigable Water YN: NView: City

Community Information
County: PHILADELPHIACross Street: Memphis
MLS Area: 19125 (19125)One Bedroom Units Count: 7
Single Room Units Count: 5Subdivision Name: FISHTOWN
Zoning: IRMX

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: ElevatorNew Construction YN: Y
Property Sub Type: OtherYear Built: 2021

Utilities
Cooling Type: Central A/CCooling Fuel: Electric
Heating Type: CentralHot Water: Electric
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
List Agent Full Name: Ryan J McManus
List Office Name: Compass Pennsylvania, LLC

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Monthly Payment for 1421-23 E Columbia Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$6,500,000
Down Payment:
Loan Amount:$5,200,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Ryan J McManus, Compass Pennsylvania, LLC

Information obtained from Bright MLS is current as of 3/1/2021 11:59 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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