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The Nylon Lofts 2045-49 Trenton Ave 12 Unit Apartment Building $4,150,000 ($345,833/Unit) 6% Cap Rate Philadelphia, PA 19125
INVESTMENT HIGHLIGHTS
- Exceptional units with great layout and unique finishes
- 100% leased with Full management in place
- Easy to lease unit in a prime Fishtown location
- 7 years left in Tax Abatement
- Turnkey and low maintenance
EXECUTIVE SUMMARY
2045-49 Trenton ave is a fully leased, turnkey with Tax abatement 12-unit newer construction and multifamily property located in one of Philadelphia’s most sought-after neighborhood, Fishtown. Situated along the historic cobblestones of Trenton Avenue, the building offers a prime, walkable location surrounded by some of the city’s best restaurants, bars, and cafés.
Just steps from Frankford Avenue, It features the perfect blend of spacious 1- and 2-bedroom apartments that blend modern design with industrial character, including exposed brick, beams, and ductwork, oversized windows, and ceilings reaching up to 18 feet making them very easy to rent.
There’s truly nothing comparable available in Fishtown, Philadelphia’s hottest investment submarket. The property is a Qualified Opportunity Zone.
Just steps from Frankford Avenue, It features the perfect blend of spacious 1- and 2-bedroom apartments that blend modern design with industrial character, including exposed brick, beams, and ductwork, oversized windows, and ceilings reaching up to 18 feet making them very easy to rent.
There’s truly nothing comparable available in Fishtown, Philadelphia’s hottest investment submarket. The property is a Qualified Opportunity Zone.
PROPERTY FACTS
| Price | $4,150,000 | Building Class | B |
| Price Per Unit | $345,833 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 4 |
| No. Units | 12 | Year Built/Renovated | 1903/2020 |
| Property Type | Multifamily | Parking Ratio | 0.53/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | ICMX | ||
| Price | $4,150,000 |
| Price Per Unit | $345,833 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1903/2020 |
| Parking Ratio | 0.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | ICMX |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 4 | - | 802 |
| 2+1 | 3 | - | 800 |
| 2+2 | 4 | - | 1,074 |
| 2+2.5 | 1 | - | 1,334 |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 881068777 | Improvements Assessment | $1,404,000 |
| Land Assessment | $156,000 | Total Assessment | $1,560,000 |
PROPERTY TAXES
Parcel Number
881068777
Land Assessment
$156,000
Improvements Assessment
$1,404,000
Total Assessment
$1,560,000
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The Nylon Lofts | 2045-49 Trenton Ave
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