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FAIRMOUNT MULTIFAMILY 2007 Cambridge St 10 Unit Apartment Building $4,250,000 ($425,000/Unit) 6% Cap Rate Philadelphia, PA 19130
INVESTMENT HIGHLIGHTS
- HIGH BARRIERS TO ENTRY SUBMARKET
- TOP 10 USA MSA
- FAIRMOUNT APARTMENT BUILDING
- NEW CONSTRUCTION MULTIFAMILY
- 10 YR TAX ABATEMENT
- AMENITY/TRANSIT RICH LOCATION
EXECUTIVE SUMMARY
2007 Cambridge presents a turnkey real estate investment opportunity in a leading rental submarket (Fairmount) within a Top-10 USA MSA (Philadelphia, PA) as a fully-leased, newly constructed multifamily property with ten (10) well-appointed apartments. Each 2bd x 2ba residence features a slick and minimalist design package with ample square footage, washer/dryer in-unit, soft wood floors, central air and an abundance of natural light with floor-to-ceiling windows. Canno-designed curb appeal radiates from the curb-to-the-cornice with striking architectural detail — a proper, brick-clad apartment building — built to last. This ±12,800 SF boutique building is sited on a quiet street in the beloved Fairmount neighborhood where extremely high barriers-to-entry exists in terms of apartment building acquisition availability. 10 year tax abatement. Minimal OPEX. Enquire within for financials.
PROPERTY FACTS
| Price | $4,250,000 | Building Class | B |
| Price Per Unit | $425,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 12,800 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM1 | ||
| Price | $4,250,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 12,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 10 | - | 1,080 - 1,130 |
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (81)
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FAIRMOUNT MULTIFAMILY | 2007 Cambridge St
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