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COLLEGE NINE 2015-2019 N College Ave 9 Unit Apartment Building $2,640,000 ($293,333/Unit) 6% Cap Rate Philadelphia, PA 19121
INVESTMENT HIGHLIGHTS
- TOP 10 USA MSA
- HIGH-GROWTH LOCATION
- EASY ACCESS TO AMENITIES
- SCENIC SETTING OVERLOOKING GIRARD COLLEGE FIELDS
- MINIMAP OPEX; 10 YR TAX ABATEMENT
EXECUTIVE SUMMARY
Welcome to College Nine, a boutique collection of three (3) turnkey new construction triplexes built in 2021, located along historic College Avenue in the booming Brewerytown section of Philadelphia,Pennsylvania. College Nine is easily walkable to all amenities, bars, breweries, restaurants and cafes along Girard Avenue commercial corridor. Each building contains three units; the lower unit (Unit 1) is bilevel and composed of 3bd x 3ba and a private back patio. Upper units (Units 2 and Unit 3) are composed of 1bd x 1ba full-floor layouts (flats), each with their own balcony. Fully-leased apartment property. High-demand real estate. Top-10 USA MSA. Redbrick curb appeal. Stylish, spacious units. FULL 10 year tax abatement coupled with minimal OPEX. Rent growth and appreciation forecast for years to come in this emerging submarket of Philly. 6% Pro Forma Cap Rate. Easy access into downtown Philly. Just 10 minutes to City Hall, the urban core. The scenic location overlooks historic Girard College — a Philadelphia institution. Ideal 1031 exchange. Enquire within for financials.
PROPERTY FACTS
| Price | $2,640,000 | Building Class | B |
| Price Per Unit | $293,333 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 9,592 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM1 | ||
| Price | $2,640,000 |
| Price Per Unit | $293,333 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 9,592 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
1 1
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (74)
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COLLEGE NINE | 2015-2019 N College Ave
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